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Nifty slides to 23,140.50, eyes 23,300 resistance and 23,000 support
Reported by Deepak Mishra (Copy Editor) · Economic Times - Markets ·
Reported by one source so far
Representative image · PexelsNifty closed at 23,140.50, extending its slide for a record eighth straight weekly decline. Technical indicators remain bearish, signalling further downside risk. Analysts point to 23,300 as the next resistance hurdle, while options‑based data pins 23,000 as a crucial support zone. Pharma and Healthcare stocks showed relative strength compared with the broader market. Global market pressures and heightened volatility continue to weigh on Indian equities. Bank Nifty, insurance stocks and other broader indices also face sustained pressure amid the bearish tone.
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