NIFTY Outlook for July 31: Cautiously Bullish with Key Levels

Nifty outlook for July 31 is cautiously bullish. Support at 24,150/23,950, resistance at 24,500/24,750. Negative breadth and Fed hawkish dissent add caution. Bank Nifty divergence noted. Rotation into software/staples continues. Watch M&M, Infosys, SBI. Expected move band 24,096–24,538. Overnight global cues and FII flows critical.