Tech View: Nifty sustains above 21EMA. Here are cues for Wednesday’s trade

The Nifty continues its upward climb, breaking through key resistance levels and signalling a growing bullish sentiment. Surpassing the 38.20% Fibonacci retracement level and the 21-day exponential moving average, the index now targets 24,600–24,700. Maintaining above 24,400 is crucial for this bullish momentum, with a fall below potentially triggering a correction towards 24,150. Investors are optimistic as the Nifty shows strong signs of a continued upward trend.