According to Rupak De, Senior Technical Analyst at LKP Securities, the 22,800 level is expected to serve as a key support for the market. Unless this level is breached, a major downturn is unlikely. However, a decisive drop below 22,800 could trigger a significant correction. Until then, the market is expected to trade within a range. On the upside, Nifty may face resistance around 23,000-23,150, and a strong breakout above 23,150 could potentially drive a sharp rally.
