nifty analysis

Nifty index is currently in a downtrend with key support levels at 23,500 and 23,200. The resistance level is at 23,800. Technical indicators suggest a strong sell signal,
Current Trend
Nifty is in a downtrend, with the index falling to 23,300.
Support Levels
First Support: 23,500 with an open interest (OI) of 48 lakhs.
Second Support: 23,200 with an OI of 62 lakhs.
Resistance Level
Resistance: 23,800.