Stock Market LIVE: Technically, after a prolonged correction on the daily and intraday charts, the market has formed a reversal pattern. However, the short-term market outlook remains weak. We believe 22,400/72,000 and 22,350/71,800 will act as key support levels for day traders. As long as the market trades above these levels, the pullback is likely to continue. On the upside, the index could rebound to 22,700/72,800, with further gains potentially taking it to 22,800/73,000

Stock Market LIVE: Markets staged a recovery, supported by softer-than-expected US jobs data and a moderation in crude oil prices, providing some relief to investors assessing the near-term interest rate outlook. However, the disconnect between underlying economic growth and market performance has led participants to increasingly price in elevated crude oil prices, higher bond yields, and currency-related risks. Attention is now shifting to the RBI policy decision and the upcoming earnings season, with a 25-bps rate hike already largely priced into market expectations. The market is nearing an important juncture; a rebound is likely; however, the current risk-off sentiment may tempt investors to book profits until a fresh catalyst emerges.