NIFTY presents a compelling buy-side technical opportunity rebounding from key 23,300 support zone with bullish divergence on RSI(14) near 45 signaling exhaustion bounce potential toward 23,600 resistance, supported by 20/50 EMA convergence. MACD histogram narrowing positively while Stochastic oversold readings confirm capitulation exhaustion amid FII selling pressure creating favorable risk-reward setup above pivot 23,450. Higher lows formation near 200-SMA validates accumulation—attractive long entry targeting R1 23,700 with tight stops below S1 23,200 for optimal upside capture ahead of March expiry volatility.Warning-
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