Markets traded in a volatile yet narrow range and settled marginally higher amid mixed cues. Technically, analysts say the Nifty is encountering resistance near the 24,400 zone, which coincides with the 200-day EMA. While the broader recovery structure remains intact above the 24,100-24,000 support zone, the inability to sustain at higher levels suggests the possibility of a consolidation phase, before an extension towards 24,600–24,800 zone in the near term.
In today's trade, shares of Maruti Suzuki, ITC, Vedanta, Swiggy, RIL among others will be in focus due to various news developments and first quarter results.
