On Friday, Indian markets experienced notable gains, with the Nifty index climbing 156.80 points (0.65%) to close at 24,353.55. The Sensex also rose by 292.80 points (0.38%), settling at 78,111.24. The Nifty Midcap 100 and Smallcap 100 indices outperformed the major index, indicating a robust recovery in the broader market. Analysts highlight that the Nifty has been trading above its 50-day exponential moving average (EMA) for the past three sessions, suggesting a potential continuation of its upward momentum. Key resistance levels are set at 24,650-24,700, while immediate support is identified at 24,050-24,000. The Bank Nifty also showed a positive trend, gaining 1%, as investors await earnings reports from major banks like ICICI Bank and HDFC Bank, which are expected to influence market direction. Additionally, the IT sector is consolidating after a recent pullback, with key stocks like HCL Technologies and Infosys poised for potential breakouts. The recent decline in crude oil prices below $100 is seen as a factor that may stabilize certain sectors while posing challenges for others, such as aviation and chemicals. Overall, the market sentiment remains optimistic as investors track key technical indicators and sectoral performances.