The Nifty 50 slipped into the red in the last couple of hours of trading and closed four-tenths of a percent lower on March 10. The index failed to stay above the bearish gap of February 28 or above the 22,500 mark. Key support is placed at 22,250, as long as the index holds above this support, an upward move toward 22,700–22,800 is possible. The Bank Nifty extended its losses for a second consecutive session, declining by 281 points to 48,217, underperforming the benchmark Nifty. \”The 47,850–48,100 zone remains a strong support area, and dips toward this region present buying opportunities,\” said Anshul Jain, Head of Research at Lakshmishree Investments. The India VIX, the fear gauge, rebounded after a day of decline, rising 3.82 percent to the 13.99 zone, which made the bulls a bit cautious. If it continues to rise sharply, the bulls may find themselves in an uncomfortable zone.