Nifty tops key 23,500 hurdle, can head to 24,500 on buying interest: Analysts

Multiple technical analysts project Nifty to rise towards 24,100–24,500 after the index decisively broke above the 23,500 resistance, forming a long bull candle on the daily chart. Key support is placed at 23,070–23,300, with bullish signals from RSI, EMA crossovers, and candlestick patterns such as a 'Piercing Line' and 'Bullish Engulfing.' Top stock picks include Bank of India (target Rs 154), BPCL (target Rs 317), HDFC Bank (target Rs 810–840), UltraTech Cement (target Rs 11,588), and KEI Industries (target Rs 5,600–5,800).