Nifty has not gone anywhere in the last one week. It is stuck inside a narrow range. The Nifty Bank index is also continuing to oscillate around its key support. The immediate picture looks slightly mixed. The market can go either way from here. So, it is better to stay out of the market and just watch the movement until we get clarity on the next move.

Nifty has to break its resistance at 23,900 in order to go up to 24,300 and 24,700. Else, Nifty 50 can fall to 22,750 or evens 22,350

The Nifty Bank index, on the other hand, has to rise above 55,100. Only then can it rise to 57,000 and 58,000. Else the Nifty Bank index downside will remain open to see 51,500 or even 50,500.

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Published on May 23, 2026