Mumbai, Oct. 29 -- Indian equity markets are showing resilience amid global monetary policy developments, rupee movements and investor interest in the recent Jio IPO, with stock-specific action and buying in select large-cap stocks supporting the market, Hemang Gor, Senior Research Analyst - Derivatives and Technical Research at Axis Direct, said on Thursday.

In an exclusive conversation with ANI, Gor said the market was struggling to find a clear direction, with the Nifty trading within a range. He noted that the index needs to cross and sustain above 23,000 for a sustained upward move.

"Overall, there is very stock-specific actions which are clearly visible, and some amount of buying is also visible in some of the counters, leading co...