Nifty's March 23 Trade Setup: 23,000 Crucial as Market Stays in Sell-on-Rise Mode

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Nifty in 'Sell-on-Rise' Mode: 23,000 Key Amid Mixed Market Signals

Nifty in 'Sell-on-Rise' Mode: 23,000 Key Amid Mixed Market Signals

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CNBC TV18•22-03-2026, 11:37

Nifty in 'Sell-on-Rise' Mode: 23,000 Key Amid Mixed Market Signals

•Nifty 50 opened higher but faced resistance near 23,343, slipping from intraday highs.
•Index closed 112 points higher at 23,114 but saw a marginal weekly decline of 0.16%.
•IT, PSU Banks, Pharma led gains; Realty, Financial Services, Private Banks underperformed.
•Indian rupee hit record lows due to foreign fund outflows and rising crude oil prices.
•Experts suggest a cautious outlook, with 22,900-23,000 as crucial support and 23,380-23,500 as resistance.

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