Daily Market Quote - 16 July 2026

The choppy movement continued in the market for the third consecutive sessions on Thursday and Nifty closed the day on slightly negative note. A reasonable negative candle was formed on the daily chart with minor upper shadow. Technically, this market action signals a range bound movement for the short term.
As long as the supports of around 24000 and 23800 holds on any weakness, there is a possibility of bounce back towards 24200 and next 24600 levels in the near term. Immediate support is at 24000.