Nifty is consolidating between 24,400 and 25,100. A sustained close above 25,100 could signal a continuation of the rally, while a close below 24,400 might lead to testing support levels at 23,800-23,700.
"24,400 on the lower side, 25,100 on an upper side. This is where we have been consolidating. If we close above this and if we are able to sustain here, there are great chances that we may continue the rally. If we close below this and if we sustain, we may test these levels of 23800, 23700."