Can NIFTY 50 Continue Its Recovery Above 24,000?

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Can NIFTY 50 Continue Its Recovery Above 24,000?

NIFTY 50 has started the week on a positive note by forming two consecutive bullish windows. The index has also moved above a downward-sloping channel, indicating improving momentum and renewed buying interest.

Technical Outlook

The recent breakout above the falling channel suggests that market sentiment has improved. Key Levels:
  • Support Zone: 24,000–24,100
  • Immediate Resistance: 24,400
Holding above the support zone could strengthen the bullish case, while a decisive move above 24,400 may attract additional buying interest.

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