Markets snapped their five-session winning streak on Friday and ended lower amid a broad-based sell-off led by the IT pack. Technically, analysts say the Nifty witnessed profit-taking after encountering resistance near the 24,150 zone, which coincides with the 100-day EMA. While the broader recovery structure remains intact above the 23,700 support zone, the inability to sustain at higher levels suggests the possibility of a consolidation phase before the index resumes its gradual uptrend towards the 24,500–24,600 zone.
In today's trade, shares of Sun Pharma, Tech Mahindra, Tata Motors, Voltas, ONGC among others will be in focus due to various news developments.
