GIFT Nifty Rises: Will Markets Rebound from Oversold Zone Tomorrow?

• GIFT Nifty rose nearly 0.7% on Tuesday, signaling a firm start for Sensex and Nifty.
• Markets may snap a two-day losing streak due to positive global cues and lower crude oil prices.
• Benchmarks fell sharply on Monday amid West Asia conflict, rising crude, weak Asian markets, and foreign fund outflows.
• Analysts are divided: some see a potential rebound from the oversold zone, while others note continued bearish strength.
• Key support for Nifty is around 22,200, with resistance at 22,450-22,500; a sustained move above 50 RSI is needed for trend strength.