Nifty Recovery Signals Revival Window - Tradebulls Securities Pvt Ltd
Nifty
Decent recovery following Thursday’s sharp sell-off, along with a positive divergence on the daily RSI, could represent the last window for a potential revival. A sustained hold above 23000 could allow further consolidation or a technical pullback, while a decisive close below this level would invalidate the stabilisation setup and expose Nifty towards 22880 initially. On the upside, 23240–23300 remains the immediate pullback resistance zone, while a sustained reclaim of 23520 would strengthen hopes of a meaningful rebound. However, the broader trend remains under pressure until Nifty decisively reclaims 24050. Traders should avoid aggressive directional exposure and continue to favour stock-specific opportunities with disciplined risk management, while closely monitoring 23000 for signs of exhaustion or a fresh breakdown.
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