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Daily Technical View on Nifty

* Nifty extended its rally for the third consecutive session to close at its highest levels on June 13.

* Nifty made another new high at opening on June 13, gave up some of these gains and remained rangebound through the day.

* The fact that the Nifty keeps making new highs every day is assuring, but it is not able to hold on to the entire gains.

* Nifty could stay in the 23297-23481 band in the near term.

* Nifty is finding strong resistance near 23500

* Decisive breakout above 23500 could push Nifty towards 23700

* Support for Nifty is seen at 23200 in spot

* Pharma, IT, MNC and realty looks the strongest amongst the sectoral indices

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