Nifty eyes 24,400 hurdle; key levels to watch

The Nifty 50 posted gains of 0.3% on July 30, forming a bullish candlestick and sustaining above key moving averages. Experts expect the index to advance towards its immediate hurdle at 24,400 (200-day EMA). A decisive move above this level could open the path to 24,500-24,600, provided support at 24,100 holds. Meanwhile, Bank Nifty remains range-bound with no clear directional bias.