The market has faced pressure for seven consecutive days, dropping below 23,500 and the 200-day Exponential Moving Average, with a loss of 0.3% on November 18. If the index remains below 23,500, it may decline further to 23,200, aligning with the 50-week EMA. Resistance is expected in the 23,600-23,700 range, indicating a continued bearish trend until key moving averages are surpassed.