Indian benchmark indices opened with a gap-up and thereafter largely consolidated throughout the session on Monday. Some profit booking emerged near the psychologically important 24,000 level during the latter half of the day; however, the indices managed to close in positive territory.Market sentiment remained supported by easing geopolitical tensions, a sharp decline in Brent crude oil prices to around USD 83 per barrel, and a recovery in the Indian rupee. Despite surrendering a portion of their intraday gains, the benchmark indices ended the session firmly in the green.At close, the Nifty 50 gained 231 points or 0.98 per cent to settle at 23,853, while the Sensex advanced 736.38 points or 0.97 per cent to close at 76,264.33. The Nifty, however, faced immediate resistance near the psychologically important 24,000 mark.On the sectoral front, Nifty Realty emerged as the top-performing sector, extending its recent rally, followed by strong gains in cement and auto stocks. In contrast, pharma and healthcare counters witnessed some profit booking after recent outperformance, as per Bajaj Broking Market Commentary.All other major sectoral indices ended the session in positive territory. The broader market remained resilient and outperformed the benchmark indices. The Nifty Midcap 100 index gained 781.55 points or 1.29 per cent to close at 61,549, while the Nifty Smallcap 100 index advanced 202 points or 1.11 per cent to settle at 18,400, reflecting broad-based participation in the market rally.In terms of Nifty, the index formed a bearish candle with a higher high and a higher low and a bullish gap below its base signalling positive bias and mild profit booking at higher levels around the 24,000 levels. The index continues to sustain above the 20- & 50-days EMA.Volatility is likely to be high in Tuesday’s session on account of the Nifty weekly F&O expiry. We believe index to consolidate with positive bias in the range of 23,600-24,100. Immediate bias remains positive above the Friday’s breakout area of 23,500-23,600.On the higher side resistance is placed at 24,000-24,100 levels being the confluence of the higher band of the last 2 months falling channel and the measuring implication of the recent range breakout (23,050-23,550).