Nifty weekly outlook: 24,500 holds the key to next leg of gains; focus on stock-specific bets

The Nifty ended the week with a gain of 127.40 points (around 0.53%), oscillating between 24,000.20 and 24,367.30, while India VIX rose 7.35% to 13.15. Immediate resistance is seen at 24,500 (where the 100-week moving average lies), followed by 24,780, with support at 24,000 and 23,800. Analysts advise a stock-specific approach, noting Nifty Realty, Pharma, Media, and Midcap 100 are leading on relative rotation, while PSE and Auto indices are lagging.