The market has reached near the crucial resistance of 23,000 on the Nifty 50, and it needs to give a strong close above the same for further upward journey from hereon.
The weekly options data indicated that 22,500 is the key resistance area. Once it manages to hold this level, a journey towards 22,800 is likely, with support at 22,400 and crucial support at the 22,000 mark.
Chartist Talks: Amol Athawale of Kotak bullish on these 3 stocks, but bearish on Nifty 50 moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.