📈 Nifty faces crucial test at 23,000 level
Nifty is starting the week in a cautious, range-bound phase with 23,000–23,100 acting as vital support. This is happening in the market where the index closed lower at 23,346.40 after a negative bias. The index is currently compressed between resistance at 23,500 and the key support zone of 23,000–23,100. A sustained move above 23,500 could trigger a rebound, while a break below 23,000 signals deeper correction. Investors should maintain controlled positions until one of these boundaries is convincingly resolved. 🧐