Nifty is holding above its immediate support zone around the 22300–22400 range, which remains a crucial level for sustaining bullish momentum; a breakdown below this could trigger further selling pressure toward 21,500. On the upside, resistance is placed near 22900–23000, and a decisive breakout above this zone can lead to a short covering rally toward higher levels. Bank Nifty has slipped below key support zones around 51700–52000, which now acts as an immediate resistance area; unless this level is reclaimed, upside remains capped. On the downside, immediate support is seen near 49800–50000 and a break below this zone could extend the fall toward 48,900 levels. Indicators are also not supportive—RSI is hovering near oversold territory and MACD remains in sell mode

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