HDFC Securities sees Nifty resistance at 24,012
In short
HDFC Securities said Nifty's medium-term momentum has improved. It put the next resistance at 24,012 and support at 23,500.
This is a bullish technical view for the index. The report does not say what caused the change or how long the level calls will hold.
What the reporting says
Vinay Rajani of HDFC Securities said Nifty's medium-term momentum has improved and placed the next resistance at 24,012. He also shifted support higher to 23,500. The note points to a stronger technical setup for the index, but the source does not say what triggered the change in momentum or how long the view may last.
Why it matters
Vinay Rajani of HDFC Securities said Nifty's medium-term momentum has improved, with resistance now seen at 24,012 and support at 23,500. That suggests a firmer technical view for the index and gives traders levels to watch. The source does not explain what caused the shift, and it does not provide any fresh trade, earnings, or policy catalyst.