Nifty has tested the higher levels and got rejected from the high forming a hanging man candle on the daily charts.
Weekly charts is still showing some postivity and it is still way high from the weekly 20 ema.
The market has gained 500 points on the weekly close and is looking positive as compare to the other indices.
Major support levels :- 21820, 21660, 21500
There is a possibility of a double top pattern formation but confirmation for the M pattern will be below 21230 levels.
A confusion is there in the market as the budget was about to come this week and market participants were over excited for that .
It will face a major resistance from ATH and if it goes up to the levels and consolidate from 2-3 trading session or create halt candle, high chances for testing 23k levels will be there.
Resistance :- 21900 (hourly), 22130 (ATH).
Wait for the price action near the levels before entering the trade.