Market Outlook and Technical Levels:
Immediate Support sits at 23,900, which serves as the critical pivot point; a decisive breakdown below this level is likely to intensify selling pressure. The primary support zone is situated between 23,750 and 23,800, where historical congestion should help absorb potential panic selling.
On the upside, immediate resistance is located at 24,050. A sustained move above this level would likely trigger short-covering. The major ceiling remains at 24,150, an area heavily reinforced by high Call Open Interest concentrations.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.