Technical View: Nifty faces sell-on-rise again at higher levels, crossing 23,250 crucial for upward journey
The weekly options data indicated that the Nifty 50 may remain in the range of 22,500-24,000, with an immediate hurdle at 23,200-23,400 on the higher side. The Nifty 50, as expected, rebounded to near 23,250 intraday, but the sell-on-rise strategy remained at the forefront, which resulted in wiping out all those gains and closing flat…