Again the same resistance stopping Nifty from Progressing.

Again Nifty is facing the same resistance as we have seen for the last 2 days as Nifty returned from the day's high of 22521. However the support came from the expected level mentioned yesterday i.e.22346. Most important turning point on either side can be US FED Chair Jerome H. Powell speech about Economic Outlook. (At the Stanford Business, Government, and Society Forum, Stanford, California). This will give definitive direction to global and Indian markets or atleast it will have a strong effect if not give direction. The support and Resistance remain same as yesterday.

Nifty Supports: 22417, 22350, 22315, 22252 and finally 22143.
Nifty Resistances: Range between 22500 and 22530, 22597, 22690, 22787 and channel top will be near 22830.