Key Market Levels to Watch
- Immediate Resistance: 24,150–24,250
- Nifty Spot: 24,073.60
- Nifty Futures: 24,119.9
- Brent Crude: $77.68 per barrel
Indian equity markets are expected to open on a cautious note on Tuesday, with Nifty futures indicating limited downside despite mixed global cues and continued volatility in crude oil prices.
According to market commentary aired on CNBC Awaaz, analysts are closely watching the 24,150–24,250 zone, which has emerged as a crucial resistance range for the Nifty 50. A decisive move above this level could provide fresh momentum to the benchmark index, while failure to sustain buying interest may keep markets range-bound in the near term.
Ahead of the opening bell, Nifty 50 futures were trading at 24,119.9, down 0.02%, while the spot Nifty 50 stood at 24,073.60, reflecting a marginal decline of 0.12%.
Meanwhile, international markets remained focused on energy prices, with Brent crude trading around $77.68 per barrel, down 0.28%. Oil price movements continue to be monitored closely by investors due to their potential impact on inflation, corporate earnings, and foreign fund flows.
