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Neutral impactStocks

Trading Plan: Can Nifty 50 find support at 23,950, Bank Nifty hold above 57,000?

Moneycontrol.com 2 hrs ago·2 Sept 2026, 1:55 am

The Nifty 50 index is currently trading near a critical support level of 23,950. This technical mark is significant because a break below it could trigger further selling pressure, while holding it may provide a floor for the market. Similarly, the Bank Nifty index is being closely watched to see if it can maintain its position above the 57,000 mark, which is a key psychological barrier for the banking sector.

For investors, this period of consolidation presents a critical juncture. A decisive move below these levels would signal a deeper correction, whereas a strong rebound could signal a fresh rally. The market's reaction to this support zone will likely determine the next major trend for the broader market.