!Nifty,

INFY

Nifty continues to trade near crucial resistance levels after recent volatility. The index is showing resilience supported by banking and IT stocks, but profit booking at higher levels remains visible. Global cues and institutional flows will be key drivers for tomorrow’s move. Key Levels to Watch Immediate Resistance: 23,650 – 23,750 Support Zone: 23,350 – 23,250 Trend: Sideways to mildly bullish Volatility Trigger: Breakout above resistance or breakdown below support What’s Driving the Market Sustained domestic inflows supporting dips Sector rotation between banking, IT, and metal stocks Global market sentiment and crude oil movement influencing risk appetite Possible Scenarios for Tomorrow Bullish Scenario If Nifty sustains above 23,650, momentum could extend toward higher levels with buying interest in frontline stocks. Bearish Scenario Failure to hold 23,350 may trigger short-term profit booking and a retest of lower support zones.