Dala Street Week Ahead: Nifty to test crucial 24,500 level; breakout may define next trend

Nifty faces a key resistance zone between 24,160 and 24,500, where the 100-day moving average at 24,161 and the 100-week moving average at 24,504 converge. Immediate supports are placed at 23,900 and 23,750, with weekly RSI at 48.01 and a doji candle reflecting indecisive price action. Markets open after a Friday trading holiday, and relative rotation analysis shows Pharma, Media, and Midcap 100 leading while IT, Services, PSU, Bank, and Auto indices remain in the lagging quadrant.