Nifty 50 shows positive intraday momentum as March futures rebound from support. The index opened with a gap-up at 24,616 and currently trades at 24,690, up 0.4 percent. Technical analysis suggests potential upside to the 24,850-25,000 price band, with a breakout above 25,000 potentially extending gains to 25,300. Metal stocks lead gains with Hindalco up 6 percent and Coal India up 3.2 percent, while IT sector faces pressure. The advance-decline ratio remains cautious at 20-30, but broader sectoral strength indicates buying interest. Key support levels are at 24,620 and 24,500, while resistance sits at 24,850 and 25,000. Traders should monitor these levels closely for confirmation of the bullish trend continuation.
