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.
Q4 results today: Paytm, BSE among 53 companies to announce earnings on Tuesday
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May 6, 2025