According to experts, the Nifty 50 needs to defend the 23,800 support zone amid a likely consolidation phase. A break below this level could increase the possibility of a decline toward 23,700–23,600.
Nifty Trade Setup for June 22
The market snapped its five-day winning streak, with the Nifty 50 closing 0.6 percent lower on June 19.
Despite profit booking, the index remained well above its short- and medium-term moving averages.
It also maintained...
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