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Nifty Outlook for September 23: 23,500 remains key hurdle after four session winning streak ends
cnbctv18.com 1 hr ago·22 Sept 2026, 2:25 pm
The Nifty 50 index has snapped a four-day winning run, signaling a pause in its recent upward momentum. After rallying for several sessions, the market is now consolidating around the 23,500 mark. This level has emerged as a critical psychological resistance, where buyers have struggled to push prices higher.
For investors, this shift highlights the market's transition from a sharp rally to a phase of consolidation. It suggests that while the broader trend remains positive, short-term volatility could increase as traders assess the next directional move. The pause allows time for valuations to align with earnings growth.
Moving forward, traders will closely watch whether the index can reclaim 23,500. A decisive breakout above this level could signal the start of a fresh rally, while a sustained decline might test support at 23,000. Volume trends will also be a key indicator of the market's underlying strength.
Excerpt from cnbctv18.com
Nifty's near term sentiment remains weak, with immediate support at 23,300. A break below this level could drag the index towards 23,000, while a move above 23,400 could take the Nifty towards 23,600 and higher, analysts say. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are…Read the original at cnbctv18.com
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