Aditya Arora from Adlytick expects the market to stay range-bound, with key levels for Nifty at 24,400 on the upside and 23,800 on the downside. Smallcaps and midcaps are performing well, especially in the cement sector. Arora suggests UltraTech Cement as a strong pick. Pharma and FMCG sectors are also showing encouraging signs.
