Nifty 50, Bank Nifty: Key Levels to Watch Amid Oil Price Surge, Bearish Trends

• Nifty 50 and Bank Nifty face critical support levels as oil price surge fuels inflation concerns and strengthens bearish sentiment.
• Nifty 50's previous week's low of 22,900 is at risk; a break could lead to 22,700, while 23,400 acts as resistance.
• Bank Nifty's 53,200 level is crucial; a fall below it targets 53,000–52,700, with 54,000–54,500 as hurdles.
• Experts advise monitoring 22,900 for Nifty and 53,200–53,000 for Bank Nifty for potential reversals or further declines.
• Volatility is expected to remain high due to global uncertainties, including the US–Israel–Iran conflict.