Technical View: Nifty 50 needs a decisive breakout above 23,500 to reverse bearish trend; Bank Nifty holds firm, 54,600 key for further uptrend
Going forward, the 23,070-23,000 is expected to provide immediate support for the Nifty 50. A decisive fall below this range could open the door to 22,800–22,700 levels. On the higher side, the 23,400–23,500 zone is likely to act as a key resistance area, and a breakout above it would be crucial for a sharp uptrend, according to experts.
