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#Nifty 50 Daily Chart – Technical View
#Nifty50 is currently trading near a crucial support zone around 23,100–23,160. The index has witnessed a corrective move from higher levels and is attempting to stabilize above Daily Support-1. A sustained hold above this zone could trigger a rebound toward the immediate resistance levels at 23,393 and 24,284, with a further upside target near 24,771.
On the downside, a breakdown below 23,100 may increase selling pressure and open the door for a decline toward 22,681–22,468 (Daily Support-2). If this support also fails, the bearish scenario could extend toward the 21,500 region.
Overall, the chart suggests a make-or-break zone, where price action around current support will determine the next directional move. Traders should closely watch the support and resistance levels for confirmation.