Trading Plan: Can Nifty 50 decisively break 22,500, Bank Nifty defend 50,700?

According to experts, if the NIfty 50 breaks 22,700 (61.8% Fibonacci retracement from the March low to high), the next support lies at 22,500 (20-month EMA), followed by 22,350 as a crucial support (low of the last big green candle on weekly basis). However, on the higher side, 23,000 is the immediate resistance.

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