Nifty -Some recovery was seen in momentum towards end of session

Negative momentum continued, Nifty opened with a gap down and continued within the range of first 54 min candle. Closing was some 100 points higher than the day's low.
23947 is a major support now, and as Nifty looks a bit oversold, this may act as a medium term support.

24120, 24165, 24240, 24360, 24410, 24460 immediate resistance levels.
23950, 23900, 23860 remain immediate support levels.

Once it exceeds 24240 and sustains, stability or up-move can be seen.

Refer to the charts text for detailed reading of Indicators.