ArthavrkshRA
9 Sep • 7:42 AM · SEBI-Registered Analyst
Nifty Pre-Open: Support Holds, Divergence in Play
Nifty drifted lower again, testing the flagged 23,650 objective before settling near 23,635. The 23,600-23,650 zone remains the key support flagged in our weekly reports, and a break and close below 23,600 would tilt the setup further bearish. RSI is not making a fresh low alongside price — a positive divergence that can precede a bounce, though it still needs price confirmation to be treated as reliable.
Resistance: 23,650-23,690 cluster, then 23,720 and 23,800. Support: 23,600-23,580, then 23,520.
A sustained move above 23,690 would be the first signal of a recovery attempt. Until then, 23,650-23,600 stays the level to watch, with a close below it keeping 23,580 and 23,520 in focus.


