As trading activity kicks off, all eyes are locked on the 23,600 support level. Market analysts warn that a decisive breach below this mark could catalyze a broader sell-off, signaling a potential shift in investor sentiment as liquidity exits the market.
On the flip side, the 24,000 mark has emerged as the definitive line of polarity. Bulls will need to reclaim this psychological barrier to stabilize the current downward trajectory and mitigate further downside risk.
Key Technical Levels:
- Support Zone: 23,600 remains the critical floor for the index.
- Resistance Barrier: 24,000 acts as the ceiling that must be breached to restore bullish momentum.
Until the index can consistently trade above this polarity line, the prevailing market outlook remains fragile. Investors are advised to exercise caution as the broader trend continues to display weakness in the face of persistent selling pressure.
