Technical View: Range-bound Nifty requires a breakout above 24,300 for a sharp upside; Bank Nifty’s underlying trend remains positive despite consolidation


As long as the Nifty 50 holds the 24,000 zone, a breakout above 24,300 and an upmove towards 24,500-24,600 cannot be ruled out. However, if the 24,000 support is breached, 23,800 will be the immediate downside target, and sustained trading below that level could push the index into a consolidation phase.