Stock Market LIVE: Markets higher! Nifty below 24,700, Sensex up 300 points; Nifty IT at all-time high – Market News

“The benchmark index, Bank Nifty, after touching its resistance at the 50,750 mark, witnessed some profit booking at higher levels. However, the immediate technical structure remains positive, with immediate support at 50,200, followed by stronger support at 50,000 and 49,800. Resistance lies near 50,750, with additional hurdles at 51,000 and 51,200. A ‘buy on dips’ strategy is recommended, as the index is poised for further upward momentum once the immediate support levels hold firm,” said Riyank Arora Technical Analyst at Mehta equities.