Daily Market Quote - 23 July 2026

Authored By Prime Research | Published at: Jul 23, 2026 04:11 PM IST

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Weakness continued in the markets on Thursday and Nifty closed the day lower by 126 points. A small negative candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action signals weakness in Nifty with volatility.

Nifty is on the way down to the crucial supports of around 23700-23650 levels (previous significant opening upside gap of 15^th June and ascending trend line support). This is going to be a crucial base and there is a possibility of sizable bounce back from the lower supports in the near term. Immediate resistance is placed at 24000 levels.

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