Nifty seems strong but it may not as it can't able to hold the gains, but It remains bullish above 22,500 support, despite rising India Vix causing fear among traders, and Election uncertainty is also unsettling the market.

Nifty traded sideways with a Positive bias, struggling to surpass 22,500. Despite it closed above 22,500 on the special session. Overall, the market appears bullish with opportunities for long trades.

Nifty experienced a roller coaster day, with unexpected gains and losses. Despite bullish signs, caution is advised for trading on Friday, May 17th. Resistance levels around 22,500 may pose a challenge.

The Nifty index closed with a minor loss, showing buying in Mid Cap and Small Cap Stocks but selling in Large Cap Stocks. It made an Indecisive Doji candle, hinting at a sideways trend with a downward bias on Thursday. Resistance at 22,300 level may limit upward movement.

On Tuesday, Nifty opened lower but rose later, closing with a gain of 0.51%. The market may trade sideways due to limited buying interest. Key levels are 22,100 and 22,300.

The Nifty index opened lower but rebounded, closing higher after forming a Hammer Candle on the support level. Despite potential resistance at 22,200-22,250, it may open higher on Tuesday. Traders can go long on an upward movement, but overall, trading is expected to be bullish. Support at 22,000, resistance at 22,250.

Nifty breaks the five day losing streak, and ended in green on Friday, forming an Inside Candle on the Daily Chart, which indicates the continuation of the Current Trend - which may lead Nifty towards the 21,800 level.

Market witnessed a major fall on Thursday taking Nifty below the 22,000 level. So, Nifty may test the 21,800 level and then bounce back to reclaim the 22,000 mark.

Nifty is below the support level of 22,400 and if it breaks the 22,200 level then market may witness a major fall this month.

Nifty looks bearish for the 7th of May as it forms a Descending Triangle Pattern which is a bearish pattern and may lead Nifty towards the 22,200 level after lower level breakout.

Nifty formed a Bearish Engulfing Pattern on the daily chart, but the support level of 2,400 is looking strong, hence we may see a pullback to the upper side on Monday.

Nifty is trading sideways, and it seems to trade sideways for the next few trading session, between the 22,500 and 22,700 levels.

Nifty is turning bearish, as it formed a double top around, 22,800 level, may lead nifty below the 22,500 level. But we need to keep a close view on US Fed meeting.