The Nifty is expected to experience continued volatility and potential consolidation for the week of April 27–30, 2026, following a recent, sharp correction, with key immediate support at 23,800 and resistance near 24,100–24,200. A break below 23,500–23,600 could heighten bearish sentiment, while holding support may see a rebound, as analysts advise a cautious “buy on dips” approach.
- Resistance Levels:
Immediate hurdles are at 24,150, followed by 24,350 and 24,500.
- Outlook: Bearish undertone with potential for consolidation.
- Support Levels: Strong support is placed at 23,750, with further levels at 23,550and 23,350.
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