NIFTY experienced a robust recovery from the lowest regions of the 21540–21560 range.
It closed above the 10 EMA levels today, following a two-day break, which is a good sign.
Currently, 21550 may serve as a solid basis, and if it holds, the recovery may reach 21900–21950.
Looking from the high to the low point, the index had a 2% loss during the previous five sessions.
59% of Nifty equities are currently above the 10 EMA levels, while 56% above 20 EMA levels