Technical View: Rangebound trade may sustain until Nifty holds 23,000 support, elevated VIX signals caution for bulls
From here on, 23,000 is likely to act as crucial support, as the Nifty 50 has been holding this level well during the current fall. If it decisively breaks 23,000 on a closing basis, then 22,800 (the low of the big green candle from June 7 last year) could be a potential level to watch on the downside,