Nifty is currently trading above its 20-DMA, 50-DMA, and 100-DMA, indicating a strong bullish trend.
Support Level: 23,200
Resistance Zone: 23,500 – 23,600
As long as Nifty remains above its 20-DMA, the upward momentum is expected to continue.
Keep an eye on sector rotation, especially in Banking, IT, and Auto.
