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Nifty Bulls Disappointed as 23,500 Remains Elusive; Crude Below $100
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CNBC TV18•23-09-2026, 07:20
Nifty Bulls Disappointed as 23,500 Remains Elusive; Crude Below $100
- •Nifty bulls failed to defend higher levels, closing lower despite favorable macros.
- •The Nifty index tested 23,500 on weekly expiry but cooled off, ending lower.
- •Crude oil prices slipped below $100 on Tuesday, spurring a brief market recovery that was quickly sold into.
- •Nifty finds support at 23,286 and the 23,300 zone, while 23,500 remains a key resistance level.
- •Nifty Bank finished near day's low but defended the 56,200 mark; watch Bharat Forge, Allied Blenders, IRB Infra.
Key Questions Answered
The Nifty index tested the 23,500 level on weekly expiry and continues to find support near last Friday's low of 23,286 and the 23,300 zone.
Crude oil prices slipped below the $100 mark during Tuesday's session, which spurred a brief market recovery before that recovery was sold into.
Investors were advised to watch Nifty Bank—which finished near the day's low while defending the 56,200 mark—along with individual shares such as Bharat Forge, Allied Blenders, and IRB Infra.
