Daily Market Quote - 24 July 2026

Authored By Prime Research | Published at: Jul 24, 2026 04:33 PM IST

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Nifty witnessed high volatility on Friday on the back of weak global cues and rising international crude oil prices and Nifty closed the day with sharp recovery note. Nifty formed a sizable green candle at the lows on Friday which signals an emergence of minor buying in the market from the lows.

Nifty is currently placed at the crucial support at 23600 (previous opening upside gap of 15^th June and ascending trend line), which indicates a possibility of minor bounce back in the market.

The short-term trend of Nifty has turned down sharply, but the medium to long term uptrend remains intact. There is a possibility of minor bounce towards the immediate resistance of 24200 levels by next week before turning down again. Immediate support is at 23600.

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