Technically, immediate support is seen at 55,000–54,800, aligned with recent swing lows and short-term moving averages, with stronger support near 53,700–53,500 (around the 21-DMA). On the upside, resistance lies at 56,200–56,500, followed by a key hurdle near 57,300–57,500, where multiple moving averages converge. Sustaining above 56,000 could trigger momentum-driven buying, while a failure to hold above 55,000 may lead to consolidation.
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