Nifty seen testing 24,300, support at 23,700
In short
Analysts said the Nifty could move toward 24,300-24,400 soon, while 23,700 may act as support. The note was cited by CNBC TV18 and came from Nagaraj Shetti of HDFC Securities.
This matters for traders watching the index's next move. The report does not say whether the Nifty hit those levels or what might upset the trend.
What the reporting says
Analysts said the Nifty may test 24,300-24,400 in the near term, with support seen around 23,700, according to a market note cited by CNBC TV18. The view came from Nagaraj Shetti of HDFC Securities and reflects a positive underlying trend. The reporting does not say whether the index actually reached those levels or what could change the setup.
Why it matters
Analysts said the Nifty's underlying trend remains positive, with near-term upside levels at 24,300-24,400 and support around 23,700, in a market note cited by CNBC TV18. The view was attributed to Nagaraj Shetti of HDFC Securities. This may matter to equity traders and index-linked investors, but the reporting does not state whether the market has already tested either level or what could drive the move.