Dr. Praveen Dwarakanath, Vice President of Hedged.in, observed that Nifty is consolidating near its resistance at 24,850. Despite forming another Doji candle, the index showed strength by recovering from an intraday drop of over 100 points.
Nifty rally not sustainable on few big names, broader participation essential: Rahul Ghose of Hedged.in
The December weekly closing formed a neutral candle, reflecting indecisiveness in the market due to the holiday season. Short-term support is around 23,200–23,300, with potential