Trading Plan: Can hopes of Iran war de-escalation help Nifty 50, Bank Nifty recoup Monday’s losses?
Oversold momentum indicators, along with a bullish divergence in the RSI, signal a potential short-term recovery in the market. Hence, the Nifty 50 may face resistance in the 23,000–23,300 range, while support is placed at 22,500–22,400.