After forming four successive bullish candles on the daily chart, Nifty ended the June derivative series above the 24,000 mark for the first time ever amid short covering.The underlying trend of Nifty remains positive. A sustainable move above the 24,000-24,100 levels could propel Nifty towards another Fibonacci extension resistance around 24,380-24,400 levels in the near term. Immediate support is at 23,800 levels, according to Nagaraj Shetti of HDFC Securities.
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