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Below the Quote June 2026 by Mr Jatin Gedia, Vice President – Technical Research at Teji Mandi

Nifty witnessed yet another volatile day of trade and closed 53 points lower. Broader market witnessed selling pressure with the Midcap and Small Cap index closing in the negative down -0.81% and -0.84% respectively. The Nifty is holding the support zone of 23000 - 23100 despite negative global cues. Private sector banks continued to outperform the broader market which helped the Bank Nifty to close the with marginal gains. Sector rotation and stock specifc action is being oberserved. In terms of levels for Nifty 23550 - 23600 is the immediate hurdle zone while 23000 - 23100 continues to act as a support zone. Breach of the range on either side shall result into a trending move in that particular direction.  

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