Technical View: Nifty needs a decisive move above 23,500 to extend rally; 54,700 key hurdle for Bank Nifty as India VIX above 24 keeps bulls at risk
In the immediate term, the 23,500–23,600 zone is expected to act as key resistance for the Nifty 50. However, support is placed around the 23,000 zone, according to experts. The Nifty 50 continued to build on the previous day’s momentum, rising 1.7 percent on March 25 and soaring 3.7 percent from the recent swing…