Nifty Outlook for September 28: 23,000 key support as truncated week begins

After a modest rebound from Thursday’s sharp sell-off, the Nifty now enters the new week with the 23,000 mark emerging as the key support level. With the index having posted its seventh straight weekly decline, analysts are watching whether it can hold above this crucial zone or slip towards 22,700. On the upside, the 23,300-23,600 range is likely to remain a key hurdle for the benchmark.