Nifty 50 closes lower as experts warn of continued technical weakness

The Nifty 50 index fell 0.34% to close at 23,398 on Friday, pressured by weak technical structures despite an intraday recovery.

Brent crude prices declined 2.3% to $105.14 per barrel, helping cushion early equity losses across oil-dependent sectors.

Analysts advise caution with immediate support pegged at 23,200–23,250 and major resistance positioned around the 24,000–24,100 zone.