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Market In Consolidation, Break Above 24,600 Key For Trend Shift

May 6, 2026·6 days ago·via The Economic Times
Market In Consolidation, Break Above 24,600 Key For Trend Shift
Indian equity markets are in a consolidation phase after a strong rally, with analysts watching the 24,600 level as a key trigger for a fresh upward trend. Gautam Shah, a market strategist, says a decisive move above that level would signal renewed bullish momentum and a shift in the broader market structure. Until then, traders are bracing for choppy price action and limited directional follow-through. Read more about this...
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