“The short-term trend of Nifty remains choppy. Some more consolidation movement or minor weakness is likely before showing a decisive upside breakout of the crucial overhead resistance around 19,850 levels in the short term. Immediate support is placed at 19,600 levels,” said Nagaraj Shetti of HDFC Securities.
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Currently, we are also seeing that the Fibonacci golden ratio is also coming near 24,400 level. So, closing once Nifty gets above that level on
May 6, 2025