Nifty Gains 2% but Faces Resistance Near 23,450
The Nifty index rose 2% last week, recovering above the critical 200-week moving average at 22,700. Despite easing volatility and buying support at lower levels, bearish momentum indicators advise caution. Analysts highlight resistance between 23,300 and 23,450, with key support levels at 22,750 to 22,525 for the upcoming week.
ET Markets·



