Technical View: Nifty must protect 23,100 support amid persistent bearish undertone; Bank Nifty bears eye 52,800 as VIX stays elevated


Nifty 50 managed to claw back above 23,400, but sustainability remains the key factor to watch. If the index stays above this level, the 23,600-23,700 zone can act as a hurdle on the higher side. However, failure to hold above it could drag the index down toward 23,200-23,100 in the upcoming sessions.