Daily Market Quote: 31 July 2026

Authored By Prime Research | Published at: Jul 31, 2026 05:24 PM IST

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Nifty is currently placed at the important cluster resistance round 24350-24400 levels (previous opening down gap of 8th July, previous swing high of 17th July and 200-day EMA). Hence, there is a possibility of consolidation movement or minor dip around the resistance before showing decisive breakout.

The underlying trend of Nifty continues to be positive. A sustainable upside above 24400 could pull Nifty towards 24600-24700 levels in a quick period of time. Immediate support is placed at 24200.

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