Ahead of Market: 10 things that will decide stock action on Thursday

"On the hourly chart, the index has given a consolidation breakout. The RSI is in a bullish crossover on both the hourly and daily timeframes. A fresh leg of bullishness starts above 25,000, while support is placed at 24,900. If the index falls below this level, it might correct down towards 24,750," said Rupak De, Senior Technical Analyst, LKP Securities.