Technical Outlook Shows Nifty Stuck Between 24,000 and 24,400

Analysts note that the Nifty 50 is trapped in a narrow band between 24,000 and 24,400. The 24,000 level is viewed as the nearest support, with 23,800 acting as the next barrier should the index break lower. On the upside, resistance is forming between 24,300 and 24,400. A decisive break above 24,400 could improve the technical stance and open a path toward the 24,800 target. Conversely, a slide below 24,000, especially under 23,800, may intensify sell‑off pressure and deepen market weakness.