On May 6, the Nifty index closed at 24,032, down 86 points from the previous day. The index opened lower and initially declined further, hitting a low of 23,882 before recovering nearly 200 points in the latter half of the session. Nifty has been consolidating around its 50-day Exponential Moving Average (DEMA) of 24,180 over the last six trading sessions. Immediate support is at 23,800, while short-term resistance levels are identified at 24,334 and 24,600. Stock recommendations include L&T Finance, which is advised to be bought at ₹290.50 with a stop-loss at ₹285 and a target of ₹300. The stock has shown a bullish breakout pattern. Another recommendation is CG Power and Industrial Solutions, suggested to be bought at ₹827, with a stop-loss at ₹812 and a target of ₹860. This stock has also demonstrated bullish momentum, supported by increased trading volumes.