NIFTY at a Critical Turning Point .GIFT NIFTY 50 INDEX FUTURESNSEIX:NIFTY1!FiveCirclesNIFTY VIEW | Technical Research Update Nifty is currently trading near a crucial support zone of 23450–23500. As long as this structure sustains, the overall market sentiment remains positive with a potential upside towards 24400–24500 followed by 25200. A “Bow & Tie” pattern formation is visible on the chart, indicating a possible trend continuation setup. However, if the support zone breaks decisively, downside pressure may accelerate and the market could drift towards 22800–22850. In such a scenario, hedging or short-term downside positioning may be preferred. trade with proper risk management and wait for confirmation near key levels.