Nifty is currently within the daily supply zone at 22409 to 22589, as mentioned earlier. Despite this, the trend on the weekly chart remains positive. A decisive crossover and close above 22600 could propel Nifty to new highs in the coming days. On the downside, the nearest support zone is identified between 22060 and 22142, with a farther support zone extending from 21922 to 22041.
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As there wasn't much movement in Indices on Saturday 18th May, the levels remain the same for the Next trading day 21st May 2024.
