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Live: Will The Nifty Make Big Moves On Weekly Expiry Day?|SBI, ITC, Trent Q3 Awaited |Opening Bell

Nifty 50 rclaimed the 23,800 mark in intra-day trade but could not sustain this level amid volatility due to profit booking. It ended lower by 43 points on February 5. This signals a breather after a day of sharp rally; however, the overall sentiment remains favourable for bulls, with the formation of higher tops and higher bottoms on the daily chart. Hence, experts advised buying on every dip. If the index decisively moves above 23,800, a rally toward the 24,000-24,200 zone cannot be ruled out. However, if it stays below 23,800, it may consolidate, with support at 23,500. 6 Nifty companies will report earnings today. SBI, ITC, Trent, Hero Moto, Airtel and Britannia. Also in focus will be Cognizant post its 2025 guidance and Swiggy as it reported its earnings post market hours. Catch Nandita Khemka in conversation with Aishvarya Dadheech, Founder & CIO, Fident Asset Management and Chandan Taparia, Senior Vice President, Head - Derivatives & Technical Research, Motilal Oswal.

first published: Feb 6, 2025 08:58 am