Technically, Nifty reclaimed its 20-day moving average and closed near the day’s high, signaling improving short-term momentum. We have been highlighting the 22,300–22,400 zone as a crucial support area, while 22,800–23,000 remains an important resistance band. Despite the recovery, elevated crude prices, geopolitical uncertainty, and global central bank decisions continue to warrant caution. Overall, the session reflected resilient buying interest, with investors selectively accumulating quality stocks after recent corrections.
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