Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term

Nagaraj Shetti of HDFC Securities said the underlying trend for the Nifty remains sharply positive, with the next key resistance placed around 23,600. A sustained move above this level could open the door for a further rally towards 24,000 in a relatively short period. On the downside, immediate support is seen at 23,200.