Nifty's rally hinges on a break above the key 24,350-24,400 resistance zone

Nifty remains stuck in a broad 23,800-24,700 range, needing to clear the 24,350-24,400 zone to show signs of real strength. Analysts said the index needs to clear the 24,350-24,400 zone to show signs of real strength. Traders got mixed advice, with many suggesting buy-on-dips strategies or using hedges for protection.