The Nifty is approaching a make-or-break point after spending 15 weeks inside a 1,531-point range, with a nascent reversal in foreign flows raising hopes that the unwinding of the crowded global artificial intelligence trade could finally provide the trigger for a breakout.
The benchmark closed at 24,366 after recovering more than 760 points over six sessions, while the Sensex jumped 2,035 points in five days this week. The rebound has brought the Nifty within striking distance of the 24,550-24,600 resistance zone, where the next leg of the market will likely be decided.
