Benchmark indices closed in negative territory on Friday as elevated Brent crude oil prices, trading near a six-month high, and weak global cues continued to weigh on investor sentiment. Selling pressure remained broad-based, with the broader market witnessing a sharper decline than the frontline indices. Technically, analysts say, on the higher side immediate resistance is placed at 22,850 levels for Nifty being the presence of 20 days EMA, while previous week high of 23,175 is likely to act as major hurdle in the coming week.
