Street signs: Nifty's Rubicon of resistance, audit panel's empty seat, more

Market activity is set to pick up after the Independence Day weekend with five initial public offerings (IPOs) this week, collectively raising nearly ₹3,600 crore

The Nifty ended its six-week losing streak last week, rising about 1 per cent to close at 24,631. Technical analysts say the market’s next move will depend on critical support and resistance levels. Bajaj Broking Research notes that the index is consolidating within a narrow range of 24,350 to 24,750. Immediate resistance appears around 24,700–24,750, representing the high of the past two weeks. A decisive break above 24,750 could push the Nifty towards the psychological 25,000 mark. On the downside, strong support lies at 24,337, with further weakness potentially dragging the index down to the 24,200–24,000 zone, which coincides with