Mumbai, March 21 -- The domestic stock market's upward momentum is expected to persist into the coming week, fueled by a robust underlying trend. Optimism has been reignited by the US Federal Reserve's indication of potentially two interest rate cuts this year, a development that has positively impacted domestic market sentiment. Adding to this bullish outlook is the resurgence of foreign fund inflows into the cash market over the past two trading sessions, further boosting investor confidence.

Technically, the Nifty index is demonstrating a continuation of its short-term uptrend, now advancing towards its next resistance level, the 200-day simple moving average, positioned near 24,068.94. Immediate support for the index is observed arou...