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Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry

Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart.

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Tech View: Nifty stuck in narrow range. What should traders do on Wednesday

One needs to take an open-minded approach in such a scenario. Support for the Nifty is now seen at 22,000 and 21,800-850 levels. On the higher side, immediate resistance for Nifty is at 22,075 levels and the next resistance is at 22,200-250 levels, said Tejas Shah, Technical Research, JM Financial & BlinkX.

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