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Indian benchmark indices ended marginally positive on Wednesday while maintaining their four-session winning streak amid strong buying trends in banks and financial stocks. While the S&P BSE Sensex settled at 80,956.33, up by 111 or 0.14%, the broader Nifty50 closed at 24,467.45, higher by 10 or 0.04%.Commenting on the day's action, Dr. Praveen Dwarakanath, Vice President of Hedged.in, highlighted the formation of a spinning top candle on the technical charts and said that a bullish candle for Thursday will confirm the upside move while a bearish candle will indicate further fall towards the support at the 24,100 level. "Nifty again got rejected at its resistance of 24,500 levels, a break of this resistance can take the index towards the 24,800 levels. The index took support from its 50 EMA at the 24,350 level and bounced during the day, indicating further bullishness at the current level," Dwarakanath said. Options writer's data for the monthly expiry showed an increase in writing of the CALLs and PUTs at the 24,500 level, indicating a range-bound move near the resistance level, he added.What should traders do? Here’s what analysts said:Jateen Trivedi, LKP SecuritiesThe Nifty remained choppy throughout the day as investors exercised caution ahead of the RBI's monetary policy announcement. However, the index managed to close above the crucial level of 24,420. On the downside, support is placed at 24,350, while on the upside, it could move toward 24,700, where it may encounter initial selling pressure. A decisive move above 24,700 could trigger a continuation of its upward momentum. Conversely, a fall below 24,350 could weaken market sentiment.Jatin Gedia, Mirae Asset SharekhanNifty opened on a positive note and witnessed volatile intraday price action. It managed to close on a positive note up 10 points. On the daily charts, we can observe that after rising for three consecutive trading sessions Nifty consolidated. The hourly momentum indicator has triggered a negative crossover, which is a sell signal and hence is likely to result in consolidation. Dips towards 24,400 – 24,360 should be considered as a buying opportunity. On the upside 24,570 – 24,600 can act as immediate resistance however the overall uptrend is still intact, and we expect an upward move towards 24,770.Hrishikesh Yedve, Asit C. Mehta Investment IntermediatesOn the daily chart, Nifty has formed a spinning top candle near the supply zone of 24,550. Thus, 24,550-24,575 will act as a short-term roadblock for the index. If the index sustains above 24,575, upward movement could extend towards 24,700-24,800 levels. On the downside, the index’s 100-Day exponential moving average (DEMA) support is placed near 24,310 levels. The sustainable move above 24,575 will push the index further towards 24,700-24,800 levels. As long as the Nifty remains above 24,300, traders should use a buy-on-dips approach.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)