Nifty 50 breaks below 23K! Monthly expiry may keep volatility elevated | Support, resistance, outlook for Sep 29

The Nifty 50 bears continued to pressure the market, closing at 22,780.25 after a 1.56% drop. Volatility increased sharply, and market breadth was weak, with heavyweights dragging down the index, suggesting ongoing bearish momentum and the need for a substantial recovery.