π Nifty needs to conquer 24,775 for bigger gains
Nifty is currently inching higher but faces a critical test at the 24,775 level before reaching 25,100. Anand James, Chief Market Strategist at Geojit Investments, sees support near 24,500 for the index. Derivatives data shows aggressive call writing is likely to keep Nifty within the 24,400β24,800 range. Bank Nifty is range-bound between 57,300 and 58,300, showing cautious sentiment overall. Traders need to watch for significant call unwinding if the market is to move higher. π