Nifty seen strong with 23,600 resistance and 24,000 target
In short
A market strategist said the Nifty is still strong. He put resistance at 23,600 and said a sustained move above that could take it toward 24,000, while support is at 23,200.
This matters for traders watching the index and Reliance Industries. It is still unknown whether the Nifty will break 23,600 soon.
What the reporting says
A market strategist said the Nifty remained sharply positive, with immediate resistance near 23,600 and a possible move toward 24,000 if that level is crossed. The downside support was placed at 23,200. The reporting does not say whether the index actually broke either level or how Reliance Industries is contributing.
Why it matters
Nagaraj Shetti of HDFC Securities said the Nifty’s underlying trend remained sharply positive, with resistance around 23,600 and support at 23,200. He said a sustained move above 23,600 could open the way to 24,000 in a relatively short period. The reporting does not show a fresh price move or provide any new data on Reliance Industries.