22800 is a good level to bounce back, but if the closing happens below 22800 then be prepared for 21800. Overall at stock level, there is lot of pain and there is no trigger for it to ebb anytime soon
NIFTYG2025 forms an inverted head and shoulders pattern, signalling a bullish trend. However, to gauge the momentum, use Fibonacci retracement. The critical level is 23,800; if it breaks down by 2%, it confirms a bearish continuation. Otherwise, bulls could run to 24,050, and with positive global cues, potentially reach 24,300 or higher.