NIFTY presents a compelling buy-side technical opportunity rebounding from crucial 22,925-23,000 support zone (200-SMA confluence) with bullish RSI divergence (near 35 oversold) signaling exhaustion bounce potential toward 23,365 resistance, supported by narrowing MACD histogram confirming downside depletion amid Middle East oil crisis volatility. Stochastic oversold readings alongside 20/50 EMA convergence near pivot 23,100 validate capitulation bottoming, creating favorable risk-reward setup above 23,000 with higher lows formation. Attractive long entry targeting R1 23,365/R2 23,600 with tight stops below S1 22,925 for optimal upside capture ahead of weekly expiry, despite sustained FII selling pressure.Warning-
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