Technically, immediate resistance lies in the 55,500-56,000 range, with a stronger hurdle near 57,400-57,500, close to the 50-DMA. On the downside, support is seen around 53,700–53,800 (21-DMA), while a stronger base exists near 52,500–52,000. The recent pullback followed by a sharp recovery from lower levels points to early signs of stabilization.
