On Monday, the Nifty index surged past the 24,000 mark, closing at 24,031.70, marking its highest level since May 8. This increase was largely attributed to a significant drop in crude oil prices, with Brent crude falling 5.58% to USD 97.76 per barrel, driven by expectations of a potential agreement between the US and Iran regarding their ongoing conflict. The Sensex also saw a notable rise, gaining over 1,000 points during the session. Analysts are now focusing on whether the Nifty can maintain its upward momentum and reach the 25,000 level in the near term. Santosh Meena, Head of Research at Swastika Investmart, highlighted that the index has surpassed its 20-day moving average, indicating improved momentum. However, he cautioned that the 24,000-24,200 range could present immediate resistance. A breakthrough above 24,600 might pave the way for further gains towards the 200-day moving average near 25,000. Investors are advised to keep a stop-loss at 23,500 for long positions.