Nifty ended slightly lower on June 28 forming a minor bearish pattern. However, on weekly charts, Nifty rose for the

fourth consecutive week (up 2.17% - the largest weekly gain in 5 months) to record its best month so far this year. On

weekly charts, the Nifty formed a large bull candle breaking out of a range. On monthly charts, Nifty gained 6.57% - the

largest monthly gain in 6 months. Nifty could face resistance from the 24174-24380 band while support could come in at

23338 in the near term. Nifty keeps defying all expectations of giving even a small correction.