The Nifty index is currently experiencing a range-bound trading pattern with a slight bearish bias, closing at 23,366, which marks a weekly decline of 0.8%. Analysts indicate that the critical support zone lies between 23,000 and 23,100, which must be defended by bulls to avoid further declines towards 22,800–22,600. Conversely, a sustained move above 23,500 could reignite buying interest and open the path for further gains, with resistance levels set at 23,500–23,860. The Relative Strength Index (RSI) shows a bearish crossover, suggesting potential weakness in the near term. Various trading strategies are suggested, including selling Nifty June Futures below 23,440 and implementing a Bear Call Spread for a cautious outlook. Additionally, several stocks such as Datapattern, Ather Energy, Yes Bank, and Sarda Energy are highlighted as potential investment opportunities, each with specified target prices and stop-loss levels.