The Nifty 50 index had a strong start to the December series, with a nearly 1% surge on November 29 following a sharp decline the previous day. This rebound indicates a counterattack by bulls after a bear trap, with the 23,900 level serving as a key support point and the crucial resistance identified at 24,350.

The formation of a Bullish Marubozu Opening candlestick pattern and a Bullish Harami pattern on daily charts suggests a positive trend. The index has also climbed above short-term moving averages and entered the upper band of the Bollinger Bands, reinforcing the bullish outlook. Experts anticipate further upward movement, with the Nifty expected to challenge the immediate hurdle of 24,350 in the coming week.

Throughout the trading session, the Nifty opened at 23,927, reached an intraday high of 24,188, and closed at 24,131, reflecting a gain of 217 points or 0.91%. The index has also climbed above short-term moving averages and entered the upper band of the Bollinger Bands, reinforcing the bullish outlook. Experts anticipate further upward movement, with the Nifty expected to challenge the immediate hurdle of 24,350 in the coming week.