Nifty outlook: 24,500 key for next leg; stock-specific bets

Nifty's next leg of gains hinges on the 24,500 level, with the index consolidating in a tight range. Edelweiss recently noted that such consolidation historically sets up 18% next-year gains. The market is shifting focus toward stock-specific bets rather than broad index moves. HDFC Bank and Infosys are among the names in play, with Alpha Scores of 45 and 57 – mixed to moderate readings that suggest selective opportunity. The 24,500 level serves as the pivot: a sustained hold could open the path higher, while a break below would reset the near-term setup.