The index is currently placed at the hurdle of 23400-23500 levels (1.382% Fibonacci projection), weekly hanging man and the opening downside gap of 4th June, which are weighing high for the market to sustain the new all-time highs. Hence, there is a possibility of a dip in the market. Immediate support is at 23050 levels, Nagaraj Shetti of HDFC Securities said.
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