Nifty’s Friday rebound may have ended days of listless trade, but the breakout is yet to establish a durable uptrend, according to Anand James, Chief Market Strategist at Geojit Investments. He expects resistance near 24,400, while a decisive move above 24,600 could end the ongoing consolidation and bring a fresh record high firmly back into view for the benchmark index.
Edited excerpts from a chat:
