Trading Plan: Will Nifty 50 defend 24,700, Bank Nifty manage to hold 54,550 amid rangebound trading?
While the trend remains positive, the Nifty 50 is expected to remain rangebound in the near term, as long as it sustains below 25,116. A move above this level can take the index toward the 25,200–25,300 zone. However, the immediate support is placed at 24,700; a break below this could drag the index down toward 24,460.