Nifty ready for bounce. Buy Spotted

On Higher time frame, Nifty has taken support at 0.61 Fib (23k) Retracement of the Election Rally from 22k to 26k.

If Nifty Holds this level, it could trigger a Short Covering taking Nifty to Major Resistance Levels at

23500
23800
24000
24200
24800
25000

Rejection from Any of These levels may resume the correction. If Sustains Above 25000, (Since it's a Monthly Candle Resistance) Then Next Rally may Begin..

This may be supported by inline earnings reports or better than expected earnings and Budget!