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Nifty trades above 23,300: Where does next resistance lie for benchmark index? Check what analysts say
Moneycontrol.com 1 hr ago·2 Nov 2026, 6:18 am
The Nifty 50 index has reclaimed the 23,300 level, indicating a strong upward momentum in the broader market. This recovery suggests that investor sentiment has improved following recent volatility, as the benchmark index attempts to reclaim key psychological levels.
For investors, this move above 23,300 is significant because it signals a potential shift in market dynamics. It reflects renewed buying interest and could pave the way for further gains, provided the index maintains its strength above this threshold.
What to watch next is the index's ability to sustain this momentum and breach the next major resistance zone. Analysts will be closely monitoring volume and global cues to gauge whether this rally is a short-term bounce or the start of a sustained uptrend.
Excerpt from Moneycontrol.com
Nifty traded above 23300 driven by strong Reliance results. Analysts eye resistance at 23500 following a breakout. Easing oil prices and positive domestic cues boost market. in your portfolio by Vishal Malkan Benchmark index Nifty was decisively trading above 23,300-mark on November 2 as oil prices eased from a…Read the original at Moneycontrol.com
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