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Trading Plan: Will Nifty 50, Bank Nifty see follow-up selling pressure amid elevated oil prices?


Immediate support for the Nifty 50 is placed at 23,500, followed by the crucial support zone of 23,400. However, in the event of a bounce-back, the 23,800–23,850 zone will be the key area to watch, as only a convincing move above it can bring bulls back into action.