Nifty seen consolidating after rally; 24,774 key to upside

The Nifty 50 rose 1.6% on August 3, its fourth straight session of gains, closing above the 24,600 swing high. Analysts expect consolidation ahead, with support at 24,600-24,500. A sustained move above 24,774 could lift the index toward 24,850 and then 25,000-25,150, aided by falling oil prices and subdued volatility.