Indian markets are breaking out of a month-long consolidation phase ,and Rajesh Bhosale, Equity Technical Analyst at Angel One, says the momentum shift that began on Friday is now gathering strength, with Nifty on course to retest its April swing high.
Speaking to ET Now on Monday, Bhosale said Nifty sustaining above key support levels has turned the short-term bias decisively positive. He expects the index to move toward 24,600 — the April swing high — in the near term, with the 23,750–23,800 zone acting as a dip-buying support along the way.
