The Nifty continues its upward climb, breaking through key resistance levels and signalling a growing bullish sentiment. Surpassing the 38.20% Fibonacci retracement level and the 21-day exponential moving average, the index now targets 24,600–24,700. Maintaining above 24,400 is crucial for this bullish momentum, with a fall below potentially triggering a correction towards 24,150. Investors are optimistic as the Nifty shows strong signs of a continued upward trend.
Positive Breakout: These 9 stocks cross above their 200 DMAs
In the Nifty500 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 24, according to stockedge.com’s technical scan data.
July 25, 2025