NIFTY 50 Eyes Bullish Continuation Toward 24,400 ResistanceNifty 50 IndexNSE_DLY:NIFTYPRIMEALPHA-FX The **NIFTY 50 (15-minute)** chart is showing signs of a bullish recovery after a sharp sell-off from the recent swing high. Price has reclaimed intraday structure and is now consolidating around the **24,200** area, indicating that buyers are gradually regaining control. The chart highlights a successful rebound from the marked **support zone (23,800–23,840)**, where strong buying pressure triggered a V-shaped recovery. Since then, the market has formed higher lows and is attempting to break above the current consolidation range. A break above the nearby liquidity and equal highs could trigger the next bullish leg. The highlighted resistance zone between **24,440 and 24,520** remains the key obstacle. If bulls maintain momentum and price closes above the current range, the market is likely to continue toward this supply area. ### **🎯 Bullish Target:** * **Primary Target:** **24,400** * **Extended Target:** **24,480–24,520** (major resistance zone) ### **Key Levels:** * **Support:** 23,800–23,840 * **Current Price:** ~24,199 * **Resistance:** 24,440–24,520 **Outlook:** The short-term bias remains **bullish** while price holds above the recent higher low. A confirmed breakout above the current consolidation could open the way toward the **24,400** target, with the major resistance zone around **24,500** acting as the next area to watch.