The Nifty 50 index saw a slight increase, continuing its upward trend but still below the critical 100-day Exponential Moving Average of 24,475.

The recent rally, driven primarily by banking stocks on October 29, indicates that a decisive close above 24,500 is necessary for further upward momentum.

Market analysts suggest monitoring immediate resistance levels between 24,600 and 24,700, with additional resistance at 24,800 to 24,900.

On the other hand, support is identified in the range of 24,100 to 24,000, suggesting caution for traders as the market navigates these key levels.