The Nifty 50 index closed 0.3 percent higher on November 27 after remaining rangebound between 24,100 and 24,350 for the third consecutive session.
The Relative Strength Index (RSI) indicates a positive bias, but the index is expected to find direction only after breaking out of this range.
Market experts suggest that if the index moves higher, the key targets to watch are 24,550 and 24,700. Conversely, if it falls below 24,100, the 24,000 to 23,900 zone is anticipated to provide support.
Investors are advised to closely monitor these levels for potential trading opportunities.