technically, Nifty is currently trading in a range-bound consolidation phase near key psychological level of 24000, where price is holding above demand zones and preparing for a potential breakout. This type of structure typically leads to momentum expansion once resistance is taken out.
From a momentum perspective, RSI is around 55–60 levels, indicating a bullish zone with room for further upside, which supports continuation rather than reversal. Such RSI structure generally reflects steady buying interest in the market.
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