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Can Nifty Break Past 24,700 To Power A Sustained Uptrend? | Opening Bell Live


The Nifty 50 extended its recovery on August 13, marking a third straight session of higher lows and closing 0.54% higher ahead of today’s weekly F&O expiry. The index reclaimed the 100-day EMA (24,589) — a positive signal — with this level now acting as immediate support, followed by Tuesday’s low of 24,465. As long as these supports hold, experts see room for an upward move toward 24,700 (immediate hurdle) and the crucial 24,800–24,850 zone in the coming sessions.
Global cues are mixed, with GIFT Nifty indicating a muted start. Stocks in focus include Infosys, Jubilant Foodworks, and others, while JSW Cement makes its market debut today. Catch Nandita Khemka in conversation with Vipul Bhowar, Senior Director, Head of Equities, Waterfield Advisors and Chandan Taparia, Senior Vice President, Head – Derivatives & Technical Research, Motilal Oswal