Nifty Faces Resistance at 23,500-23,600, Support at 23,300

The Nifty 50 rebounded 0.5% but remains below key moving averages, with a consolidation phase likely as long as it trades under the 23,500-23,600 hurdle. Immediate support is at 23,300, followed by 23,100-23,000. Rising US bond yields and crude oil prices add to the cautious sentiment.