Technical View: Shooting Star pattern formation suggests temporary weakness in Nifty, Bank Nifty

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The 23,800-23,700 zone is expected to act as a key support level. If the Nifty 50 decisively breaks below this, the selling pressure may push the index further down to 23,400 (200-day EMA). On the upside, the hurdle is seen at the 24,300-24,500 zone, according to experts.

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