Dalal Street Week Ahead: Lower volatility signals calm, but resistance looms large

Nifty remains trapped in a broad multi-week trading range, facing a key supply zone between 24,500 and 24,850 marked by the 50-week and 100-week moving averages at 24,832 and 24,511 respectively, while immediate resistance is placed at 24,250 and 24,400 with supports at 23,850 and 23,700. The weekly RSI at 47.49 stays below the neutral 50 mark though the MACD histogram is expanding, signalling modest upside momentum improvement. The truncated four-day week is likely to see stable, stock-specific action; analysts advise selective buying and avoiding aggressive positioning until Nifty decisively clears the 24,500-24,850 resistance band.