FIIs have shifted to a bullish stance, purchasing nearly Rs.10,000 crore in Indian shares. Despite this, Nifty closed down by 34 points, facing resistance at 24,350 and testing support around 24,100. Technical indicators suggest potential upward movement, but breaking 24,150 may lead to further declines. Key trading levels range from 24,000 to 24,500.

Nifty is likely to rise on Tuesday, following today's rally, and likely it will rise above 24,400 and 24,500 level too.

Today, Nifty surged by 557 points, surpassing the 23,900 mark after establishing support at 23,300. All indices rose, with IT leading at over 3%. Technical indicators signal a bullish trend, predicting further gains towards 24,500. Key support is at 23,800, while resistance is at 24,000.

Nifty50 opened lower, influenced by declines in sectors like Metal and Oil&Gas, closing at 23,349.90, down 0.72%. Adani stocks faced heavy losses due to bribery allegations against Gautam Adani. Nifty shows support at 23,200 and resistance at 23,500 and a bullish trend is anticipated if stability continues.

Nifty has formed an Inverted Hammer at the support level of 23,500 which is a bullish reversal sign for the Index.

Nifty50 continued to fall for the 7th straight day in a row - falling below the 200DEMA which indicates a bearish market, but as the RSI falls in the Oversold zone there might be a recovery in the Nifty soon.

Nifty is taking support at the 200DEMA line which is near the 23,500 level and as it formed a Spinning bottom on the daily chart, and a hammer on the hourly chart, indicates a coming bullish reversal in Nifty50.

Nifty is down by 10% from its all-time high levels and currently trading below its 200DEMA indicates a long term correction. But as the market is currently in the oversold zone it is expected that the Nifty will likely show a short term recovery.

Index is weak, as it fell to the support level of 23,800 for the second time this month, indicates a very weak market and likely the market will fall further too.

Nifty has taken support at 24,000 level, indicates a potential reversal in the market on Tuesday with resistance stands at 24,500 level.