Technical View: Selling pressure to intensify if Nifty decisively breaks 23,400 zone, Bank Nifty extends losses
The immediate support is expected to be 23,400, which coincides with the 200-day EMA. If the Nifty 50 decisively breaks this level, the selling pressure may extend toward the 23,200-23,000 zone. However, on the higher side, 23,800 is likely to remain a key hurdle going ahead, experts said. Nifty Downtrend The benchmark Nifty 50 snapped…