Nifty rebounds, but key hurdles must clear for bullish turn
Nifty bounced 250 points on domestic institutional investors (DII) buying but faces bearish pressure unless it clears the 24,595 resistance, say analysts. Support lies at 24,344, but a breakdown could drag it to 24,200. Retail sentiment is bullish, but technicals remain cautious with Relative Strength Index (RSI) near 39. Bank Nifty sentiment stays bearish since July.