Nifty Holds 24k: FII Confidence Hints at Bullish Trend Ahead● Despite rising war tensions, Nifty held firm above the 24,000 mark last week, showing the strength and resilience of Indian market—bolstered further by strong Q4 earnings.
● While many are expecting a sharp fall, foreign investors (FIIs) have mostly continued buying, except for last session, which suggests confidence is still intact and a major crash seems unlikely.
● Meanwhile, India VIX spiked above 21, signalling that volatility is heating up.
● Option data shows heavy put writing at the 24,000 level, marking it as a strong immediate support zone.
● On the charts, 23,800 stands out as solid technical support, and as long as Nifty stays above it, the overall mood is likely to stay bullish.
● Given this setup, the market is likely to trade in a sideways to bullish range in the coming week, unless major negative news breaks.
