On Monday, Nifty closed 20.5 points lower, forming a Doji candle on the daily chart and reflecting a state of indecision in the market. Currently, Nifty has been trading within the 24,000 to 24,400 range for several days. Investors will need to observe for a breakout or breakdown from this range to determine the next major direction for the index. Support levels are identified at 24,200 and between 23,950-24,000, while immediate resistance is seen in the 24,350-24,400 range.
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