“Rajesh Palviya of Axis Securities believes the Nifty is consolidating in a tight range, facing stiff resistance at 24,300-24,400 and finding support around 24,000. Derivative data indicates significant call writing at higher strikes and put base at lower levels, suggesting continued range-bound movement in the near term until a decisive breakout above 24,400.”

Rajesh Palviya’s track record: 10 graded calls · 95% CI 2–40%