After a challenging four-session selloff, the Nifty 50 index in India found support at 23,262. Rohit Srivastava, Founder of Strike Money Analytics, believes this level marks a potential bottom for the index, with sentiment indicators showing extreme oversold conditions that historically precede recoveries. He suggests that a break above 23,800 would signal a meaningful upward movement, potentially leading to levels between 24,800 and 25,000 in the coming weeks. By June, the index could retest its all-time high of 26,000. Srivastava emphasizes a cautious approach to investing, recommending selective accumulation in resilient sectors like metals and smaller private banks, while advising against large-cap private and public sector banks due to their current weak momentum. He notes that geopolitical events could impact market conditions, making it essential for investors to remain vigilant.