Stock Market Today, April 29 -- The markets started the new week on a strong note as the benchmark Nifty 50 index ended with gains of 1.2% at 24,328.50. The Bank Nifty rebounded well, gaining 1.41% to 55,432.80, while most other indices, auto, metals, pharma, oil & gas, recorded handsome gains. Only It ended in the Red. Broader indices also performed well, gaining 0.9-1.6%

A sustainable move above 24400 for Nifty will not only negate the recent short-term bearish pattern, but also open sharp upside towards the next resistance of around 24600-24800 levels in the near term. Immediate support is placed at 24050 levels, as per Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

A sustained move for Bank Nifty above Monday'...