Nifty Pre-Open: Gift Nifty Muted, Eyes on 24,320 Resistance and 24,100 Support

Nifty's bounce off the 24,010 rising-window support played out as expected yesterday — the positive RSI divergence and support confluence delivered the recovery, with the index closing at 24,231.85 and RSI improving to 60.49. The key test today is 24,290–24,320, which also marks the upper boundary of the falling channel in place for several weeks. A 30-min close above this zone would confirm the channel breakout, opening the path toward 24,400+ and signaling the corrective phase from the 24,770 highs is over. Below 24,130–24,100, the bounce would look to be losing steam, though 24,010 remains the critical support to hold; only a break below 24,000 raises concern of deeper weakness. Bottom line: bias turns constructive above 24,320, neutral-to-cautious below 24,130-24100, with 24,010 level to defend. Stock to Watch:

has broken its descending trendline resistance near 13,810–13,820 on rising volume, settling at 13,809 (+0.87%), RSI at 59.74. A hold above this zone keeps the breakout intact for further upside. When a flagged support and divergence setup delivers the expected bounce, the next resistance test — especially one marking a multi-week pattern boundary — carries added significance, since a clean breakout there would confirm a genuine trend shift rather than just a short-term bounce. Disclaimer: For educational purposes only, not investment advice. Please do your own due diligence or consult your advisor before investing.