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The options data indicated that the immediate support for the Nifty 50 may be at 22,000 mark, with hurdle on the higher side at 22,500 level.

After the ongoing consolidation, the index is likely to march towards the next hurdle at 22,400-22,500 area on the higher side given the positive sentiment, while the key support will be at 21,875 level, experts said.

The Nifty Bank remained in consolidation mode as it moved in the range of 47,363.40 - 46,886.95, intraday, before closing with minor losses at 47,019.70.

Nifty Bank index is anticipated to reach the short-term target of 48,000, with any dip viewed as a buying opportunity, said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

Volatility spiked and climbed above the 16 mark, which can create discomfort for the bulls in coming days. The India VIX, the fear index, rose 5.22 percent to 16.02 from 15.22 levels

The options data indicated that 22,000 is expected to be the immediate support for the Nifty, while 22,100 is likely to be immediate resistance.

Options data indicates that 21,900 is expected to be crucial for either side, with immediate support at 21,800 and resistance at 22,000

The options data indicated that 22,000 is expected to be next key resistance area for the Nifty 50, with support at 21,600-21,500 levels.

Options data indicated the 22,000 is expected to key resistance area for the Nifty50, with immediate support at 21,600 and then 21,500 levels

The options data indicates the Nifty may face strong resistance at 22,000 in the coming days, with support at 21,700 and then 21,500