# Market momentum holds, but bulls still need to clear crucial wall at 24,775 2026-08-11T01:45:26+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet The Nifty 50 ended Monday flat after gaining 13 points to close at 24,583, with the session reflecting cautious optimism. Market breadth was nearly even, 1,739 stocks advanced, 1,703 declined, and 118 were unchanged, highlighting a lack of conviction. Sectorally, Nifty Realty (+1.35%) emerged as the top gainer, followed by Private Bank (+0.52%) and Consumer Durables (+0.38%), while PSU Bank (-1.67%) dragged the most. The rally remains technically intact but showing signs of moderation: the 14-day RSI at 60 is above neutral but not overbought, and the MACD continues to hold above its signal line, suggesting the uptrend still has room to run before hitting exhaustion. The key battle is now at 24,775 resistance, with support at 24,500-24,400. On the stock-specific front, Suven Life Sciences stands out with a bullish chart pattern, buying near ₹333 is recommended, with targets of ₹365 and a stop-loss set at ₹315, as the stock has found strong support at its 20/50-day EMA and is breaking above a recent sideways range. ## Coverage - economictimes.indiatimes.com - livemint.com - livemint.com - livemint.com - livemint.com Tags: Bank Nifty, derivatives, Nifty, stock market, technical analysis Canonical: https://indianopinion.org/nifty-must-conquer-24775-to-target-25100/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/nifty-must-conquer-24775-to-target-25100/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.