Nifty 50 needs to hold 24,300 amid Middle East tensions

Nifty 50 needs to reclaim and sustain above the 24,400–24,500 resistance zone to trigger a further rally.

Immediate support for Nifty 50 is at 24,200, with the next support zone at 24,000–23,950.

Bank Nifty must defend the 58,500 level amid Middle East war-driven surge in oil prices.

Momentum indicators have improved, but weekly charts show Nifty 50 trading within a broader range.