“Neutral on Nifty, facing immediate resistance in the 23,550–23,600 zone, with a sustained move above 23,600 needed for recovery towards 23,700–23,800. Immediate support is at 23,400. Momentum indicators like RSI (26) and MACD remain weak, confirming selling pressure, but the deeply oversold RSI suggests potential for a technical rebound or short-covering bounce from lower levels.”