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#NIFTY50 See how the entire structure has developed here.

When price was trading around 22,380, sellers made multiple attempts to drag the market lower, but they couldn't get any meaningful follow-through. Every dip started getting absorbed.

That's where the character of the market changed.

From 22,380, we witnessed a gradual shift in control. Buyers started defending higher lows, reclaimed important intraday levels and eventually pushed the index back towards 23,000.

Now, look at where we are.

Price is approaching the same supply region from where the previous selling pressure originated. The 23,044 level is the immediate hurdle.

I won't call this a breakout until the market actually sustains above that zone. If buyers manage to absorb the pending supply, we can see further expansion towards 23,100–23,150.

But if the market gets rejected again, don't be surprised by profit booking.

One thing is clear: sellers had their opportunity near the lower levels, but they failed to maintain control. Now buyers are bringing the market right back to their doorstep.

Let's see whether they can finally take out the highs.