The NSE Nifty 50 can face resistance near 23,800, while the downside is apparently limited at the 23,000 levels.
The Bank Nifty is anticipated to test the lower range of 50,500 levels.
A sustained breakdown below 23,000 with a daily close can lead to further selling pressure, potentially dragging the index down to 22,500 in the upcoming sessions.
On the higher side, we could expect resistance near to 23,800 levels, while on the downside, the key support is near to 23,200.