“Ruchit Jain of Motilal Oswal believes the Nifty 50's recent consolidation between 23,800-24,300 is a time-based corrective phase within an ongoing uptrend, despite headwinds from crude oil and INR depreciation. He expects limited downside for the broader markets due to strong resilience and stock-specific buying interest. A break above 24,300 would signal a resumption of the uptrend, advising positional traders to seek stock-specific buying opportunities during this consolidation.”