Is Nifty Bottoming Out Near the Israel-Iran War Gap down Level? Bank Nifty Also Showing Signs of Stability ?

Over the past few trading sessions, markets have shown signs of resilience despite global uncertainties. One level, in particular, is drawing attention among technical traders and market participants: Nifty 24,473 level the same level where the index opened with a gap down during the initial shock of the Israel-Iran conflict. Why 24,473 Matters for Nifty This level is not just another price point. On the day of heightened geopolitical tensions between Israel and Iran Nifty opened sharply lower and made a low of 24,473. Since then this level has become a critical technical reference. Importantly: For the last 4 trading sessions, Nifty has been hovering near this level. Despite intermittent volatility, the index has respected the 24,473 low on the daily chart. This price action suggests that buyers are defending this level, and that market sentiment may be shifting toward consolidation or a potential bounce. Bank Nifty: Finding Its Footing Around 53,600 Bank Nifty, is also showing signs of bottoming out near the 53,600 level. What to Watch Next Global cues, especially on the macroeconomic and geopolitical front, will remain influential. Disclaimer: This is for educational purposes only. Investment in securities is subject to market risk Please read full disclosure and disclaimer. Click here for details👇👇👇 *****