Daily Market Quote: 30 July 2026

Authored By Prime Research | Published at: Jul 30, 2026 05:15 PM IST

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A reasonable positive candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action indicates a consolidation movement in the market near the overhead resistance like 200day EMA and previous swing highs.

The underlying short-term trend of Nifty continues to be positive. After the minor consolidation movement around 24300 levels in the next 1-2 sessions Nifty could eventually stage decisive breakout towards 24600-24700 levels in the near term. Immediate support is placed at 24150.

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