Nifty Faces Critical Resistance at 23,800 Following Mid-May Rally
Market Momentum Meets Technical Resistance The Nifty 50 index experienced a sharp rally on May 15, successfully breaching initial technical barriers before encountering significant selling pressure near the 23,800 mark. Traders noted that while the index maintained positive momentum throughout the early session, the failure to sustain gains at the day’s peak forced a marginal…