Trade Setup For Oct 6: Nifty's Positive Momentum Likely To Extend; Support At 24,730 (Image: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Analysts expect the momentum to extend into this week after the benchmark indices ended the truncated week in positive.

The daily chart indicates that NSE Nifty has formed a bull candle with a higher high and higher low, signalling extension of the pullback for the second session in a row, according to Bajaj Broking Research.

"The formation of bullish candles at such a pivotal juncture augur well for the bulls, suggesting that positive momentum is set to extend further," said Rajesh Bhosale, equity technical analyst at Angel One. Immediate support is at 24,730, followed by 24,600, he added.

"This has created a tight pivot

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