NIFTY 50 Bullish Recovery from Support Zone – Eyes on 23,715

Jun 6

NIFTY 50 is showing signs of a bullish rebound after finding support near the 23,300–23,350 demand zone. Price has stabilized following the recent decline and is attempting to build higher lows, suggesting buyers are stepping back into the market.

The highlighted consolidation area indicates accumulation, while the Ichimoku cloud resistance remains overhead. A successful move above the nearby resistance zone could trigger further upside momentum toward the projected target.

**🎯 Target:** 23,715

**Key Levels:**

* **Support:** 23,200 – 23,350
* **Resistance:** 23,577
* **Bullish Target:** 23,715

**Outlook:**
As long as NIFTY holds above the support region, the bias remains cautiously bullish. A breakout above 23,577 could open the door for a move toward 23,715 in the near term, while a break below support may invalidate the recovery scenario.

Jun 6

Trade active

Jun 16

Trade closed: target reached

my given target is achieved