Nifty’s 22,200 defence may open the door to 23,600, says Geojit’s Anand James

Nifty’s sharp rebound after defending the 22,200–22,000 support zone could extend towards 23,600, according to Anand James, Chief Market Strategist at Geojit Investments. However, the index must first post a sustained close above 22,800 to confirm that Friday’s recovery marks more than a relief rally.