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Technical View: Oil-led bearish sentiment may intensify if Nifty 50 breaks 23,800 next week; 54,400 crucial support for Bank Nifty as VIX soars


If the Nifty 50 fails to defend 23,800—an immediate crucial support—next week, further selling pressure may drag it towards 23,500–23,400. However, sustaining above this level could still increase the possibility of a move towards 24,200; only above that can levels of 24,350–24,500 be seen, according to experts.