NIFTY Outlook for July 28: Continuation or Profit Booking?

After today's sharp rally, Nifty faces resistance at 24,450-24,500, with a key technical hurdle that has repeatedly stalled rallies. Support at 24,100. Scalpers should watch for a breakout above 24,500 (extended to 24,600) for further upside or a pullback to 24,100. Rotation into software and staples noted. Global cues (US markets, crude) and FII flow will be key. Overnight developments needed for pre-market analysis by 8 AM.