Gift Nifty 50 Reverses Trend, Holds at 24,123 Fibonacci Support

The Gift Nifty 50 index has turned the tables after a string of lower closes, finding firm support at the 23.6% Fibonacci retracement level of 24,123. Earlier this week the index had dipped to 23,900, but a recent rally lifted it to 24,150, suggesting a potential breakout. Market observers point to the 24,123 mark as a key psychological barrier; a sustained move above it could signal the start of a new upward trend.