Stock Market Today, April 22 -- The equity markets started the news week on a strong note with benchmark Nifty-50 Index ending 1.15% higher at 24,125.55. The Bank Nifty gained 1.57% to 55,304.50, while most other sectors led by IT, Realty, Oil and gas gained with FMCG being the only exception. The broader markets also gained 2-2.5%.

The Nifty has moved above the critical resistance of 24,100; therefore, it looks well on track to reach the 24,450-24,500 zone in the short term. On the lower end, support is placed at 23,850, said Rupak De, Senior Technical Analyst at LKP Securities ,

the recent major breakout area of 54,000-53,500 should reverse its role and act as support from short term perspective, as per Bajaj Broking

There is optimis...