Nifty Needs 23,000 for Rally; Bank Nifty Faces 52,200 Hurdle, VIX Dips

• Nifty 50 saw a positive start to April series, rising over 1.5% due to short covering and geopolitical optimism.
• Despite a positive close, a bearish candle on the daily chart indicates strong seller presence at higher levels.
• Experts suggest Nifty needs to sustain above 23,000 for an upmove, with 22,800 as immediate hurdle.
• Consolidation is likely until Nifty reclaims 23,000; immediate support is at 22,500, followed by 22,300.
• Bank Nifty rebounded 2.33% to 51,449, but 52,200 remains a key hurdle; India VIX fell 10.3% to 25.01.