Nifty closed higher Thursday, maintaining positive momentum with the index steadily rising from the 200-SMA on hourly charts. Technical analysts indicate RSI is in bullish crossover on daily timeframe with strengthening momentum, suggesting positive short-term trend. Immediate support sits at 23,800 while resistance is placed at 24,300–24,350 zone. Two stocks showing strong technical setups: State Bank of India trading at Rs 1,067 with 6% upside potential and target of Rs 1,120–1,130, backed by bullish rebound from key support and price above long-term moving averages. Bajaj Consumer Care at Rs 432 exhibits strong breakout above resistance with rising volumes and 6% upside targeting Rs 455–460. Both stocks display trend strength with elevated RSI levels supporting further gains.
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