The Nifty ended a volatile session above 22,550, forming a high-wave candle that suggests indecision but also easing downside momentum. A close above Monday's high of 22,622 is needed to confirm a short-term reversal, with the 8-day EMA at 22,779 as immediate resistance. Support remains at 22,217, while the oversold RSI still signals weak momentum.
Nifty Closes Above 22,550, Recovery Hinges on 22,622 Breakout
Source: Mint