According to Santosh Meena, Head of Research at Swastika Investmart, Nifty managed to hold its support zone around the clusters of the 50-DMA and 20-DMA on the technical charts. He noted that the immediate resistance zone lies between 23,000 and 23,100, with potential target levels at 23,300, 23,500, and 24,000. Meena also mentioned that if Nifty were to slip below the 22,400 level, the next support levels to monitor would be 22,200, 22,000, and 21,700.
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