MARKET FEED 06.01.25 & STOCK PICK NYKAA & Investment idea

As of January 6, 2025, the Nifty 50 index is exhibiting a cautiously positive trend. After a strong pullback, it encountered resistance near the 24,200 level and closed around 24,000 points. Analysts suggest that maintaining support near 23,900 is crucial for sustaining this positive bias. A decisive move above 24,200 could potentially lead the index towards the 24,800 mark.

Investors are advised to monitor key support and resistance levels closely and consider sector-specific developments when making investment decisions.

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