<ul><li>The NSE Nifty 50, which rose over 2% on Tuesday, could face resistance at around the 23,500 levels.</li><li>Strong support is expected at 23,050, while 23,400 and 23,500 would act as key resistance areas for traders.</li><li>For Bank Nifty, 52,000 is the immediate support zone, and 52,500 is a near-term resistance zone.</li><li>The benchmark equity indices closed higher for the second consecutive trading session, with Nifty 50 gaining 500 points and Sensex surging.</li></ul>

Trade Setup For April 16: Nifty 50 Faces Resistance At Around 23,500 Levels

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