On November 22, Nifty 50 had a strong rebound, gaining 557 points or 2.4% to close at 23,907. This was the largest single-day gain since June.

The index surpassed the critical resistance level of 23,800 and has immediate targets set at 24,000. Further resistance is expected between 24,300 and 24,400, as indicated by the 100 and 50-day EMA. Key support levels are identified at 23,540, the 200 DEMA, and 23,260, the previous week's low.

Bank Nifty also performed well, climbing 763 points or 1.51% to reach 51,135. The index formed a long green candle, suggesting potential for further gains towards the first target of 51,600. A key resistance level is at 52,100, while 50,500 is a significant support level. The market breadth was positive, with 1,728 shares advancing against 727 declining on the NSE, indicating a strong trading environment.