Nifty Outlook for September 16: Recent swing lows back in focus with headwinds remaining stubborn

The sell-off has put 23,500 at a distance for the Nifty bulls. Lower levels now come into play, with the recent swing low of 23,070, which is the low of June 8, and then the 23,000 levels open up on the downside. On the upside, the index has to of course cross 23,250 first, before looking at higher levels.