Nifty 50 outlook

After this weekly and monthly closing, Nifty 50 chart seems in a different zone as can be seen in the chart attached herewith. Definitely, the sentiment is bearish but now it is trading near a horizontal support zone that it had reacted earlier on election result announcement date and prior to that. So, we expect a bit of support in the 22,000 level and data also suggests that. Price Action suggests a bit of pause within the level for the coming days and then possibly we can see a uni-directional move.