Technical View: Bears may tighten grip if Nifty 50 breaks 23,800 support; Bank Nifty may test 56,000 as momentum and moving averages weaken
If the Nifty 50 decisively breaks the 23,800 support level, the downside levels to watch will be 23,650-23,600. A breach below these levels could open the door for a fall towards 23,070, the June low. However, if the market rebounds, the 24,000-24,100 zone is likely to act as a strong resistance area, according to experts.
