On Tuesday, the Nifty closed 114 points higher and formed a bullish candle on the daily chart. It is now approaching the hurdle zone of 22,300 after two days of rebound. Traders are eagerly waiting for a decisive close above the 22,200-250 levels to see further strength in the Nifty.
The support levels for the Nifty are now seen at 21,950-22,000 and 21,700-800 levels. If the Nifty manages to break above the hurdle zone, it could see further upside.
Traders and investors should closely monitor the price action of the Nifty around these levels and wait for a clear breakout before taking any aggressive positions.
In summary, the Nifty ended higher and formed a bullish candle on the daily chart. It is now approaching the hurdle zone at 22,300 and traders are awaiting a decisive close above 22,200-250 levels for further strength.