Nifty poised for a strong uptrend? Anand Rathi expert flags key support and resistance levels to watch

What happened: The Nifty crossed resistance at 22,800 and settled just below 23,000 on 15 October. Anand Rathi's Jigar S. Patel said the breakout improves momentum but does not confirm a full trend reversal. Key numbers: Resistance crossed at 22,800. Index settled just below 23,000 on 15 October. Next resistance zone is 23,000 to 23,150. Why it matters: Patel said the 23,000 to 23,150 zone is the next major hurdle, where profit booking or consolidation may emerge. A decisive move above 23,150 would strengthen the recovery, while a retest of 22,800 would confirm underlying strength.

Anand Rathi expert flags key Nifty support and resistance levels for potential uptrend.

Anand Rathi expert flags key Nifty support and resistance levels for potential uptrend. — impact context not separately stored; see What changed.