The Nifty broke its recent consolidation, sustained above the 21-day EMA, and showed bullish RSI crossover, pointing to strong momentum. The rally could extend toward the 25,470–25,500 range, with support at 25,100. Global rate-cut optimism boosted markets, and further gains will depend on domestic inflation, IIP data, and corporate earnings forecasts.
The Ink Desk
February 22, 2022
