GIFT Nifty Flags Positive Open, Key Resistance at 24,300

Indian equity markets are set for a positive open, with GIFT Nifty signaling early gains ahead of the regular session. The immediate focus for traders is the 24,250, 24,300 zone, which is shaping up as the key resistance band for the day. Price action around this level will define near-term directional bias. A sustained move above 24,300 could accelerate buying toward the 24,750, 24,800 range, representing meaningful upside from current levels. Failure to clear that ceiling, however, risks reigniting selling pressure and stalling the recovery. Traders should watch for volume confirmation on any breakout attempt, as conviction above resistance will be the critical variable separating a genuine rally from a false move. The session's open and early price behavior near resistance will set the tone for broader market direction in the near term.