This week, the Nifty index experienced a 0.7% increase, primarily supported by auto stocks. However, market sentiment appears fragile, with the index falling 150.50 points to close at 24,176.15 on Friday. Analysts warn of potential corrections if the Nifty sustains below 24,200, which could lead to a drop toward the 24,050–24,000 range. Key events this week include Q4 earnings announcements from over 480 companies, including major players like Tata Motors and Dr. Reddy’s Laboratories. Additionally, geopolitical tensions in the Gulf, particularly between the US and Iran, continue to create uncertainty. On the economic front, foreign institutional investors (FIIs) sold domestic equities worth ₹11,072 crore this week, contributing to a total outflow of ₹14,231 crore in May. Meanwhile, crude oil prices remain pivotal, with WTI priced at $94.68 per barrel. Technical indicators suggest a cautious approach, with a 'Buy on dips' strategy recommended as long as the Nifty holds above 24,000.