Nifty breaks 24,300 resistance amid bank earnings
after close1 source ↓written by the desknot a recommendation
- above
- 24,200
- closing
- 24,334
- 1.09%
- resistance zone limited
- 24,285-24,300
- Midcap index
- 0.41%
Nifty staged a decisive breakout above 24,200, closing at 24,334, up 1.09%. Strong buying in index heavyweights, particularly in Tech Mahindra and Kotak Mahindra Bank, supported the rally. However, profit booking near the 24,285-24,300 resistance zone limited intraday gains. Broader markets lagged, with the Nifty Midcap index down 0.41%.
Not investment advice. For informational purposes only.