The options data indicated that the Nifty is expected to face resistance at 22,800-23,000 levels in the coming sessions, with support at 22,500-22,400 levels.
As for the Nifty, going ahead, immediate support is expected around last Thursday’s low of 22,300, which coincides with the 20EMA (20-day exponential moving average), followed by the pivotal support of the bullish gap around 22,200.