Overview of Nifty 50

Nifty 50 still consolidating in a zone just below the crucial zone that it had previously breached. We will observe for level of 22,700 to gain momentum on upside. It may also stay within the same range with downside support of 22,000. On our opinion, this is the time to sit back and watch to pass above or below the specified level and then conclude whatever position the market hints.