According to Nagaraj Shetti of HDFC Securities, the Nifty’s short-term trend is significantly bearish, with weakness evident across various timeframes. The key support level to watch for further downside is around 23,625, which aligns with the 38.2% Fibonacci retracement level. On the upside, immediate resistance is anticipated at 24,250.
Oil little changed as traders assess supply risks
Oil prices remained stable amidst geopolitical tensions in the Middle East and Russia, coupled with concerns over trade tariffs impacting fuel demand. Escalating conflict in
September 23, 2025