Technical View: Nifty 50 needs follow-up buying to surpass the 200 DEMA for further upside toward previous swing highs; Bank Nifty eyes 58,700
The Nifty 50 now requires sustained follow-through shopping for above the 24,350-24,400 zone, which coincides with the 200-day EMA and serves because the fast resistance space, to maneuver in the direction of the earlier swing highs of 24,530-24,600. These ranges are essential for triggering a recent leg of the rally in the direction of 24,800-25,000.