Tech View: Nifty inching closer to record high. What should traders do on Thursday expiry

Nifty today ended 69 points higher to form a bullish candle with a long tail, indicating strong buying interest. The index is now making a higher high on both daily and weekly charts.

Nifty is holding its position above the previous resistance zone of 22,590, which is now acting as a crucial support level. Immediate support is seen at 22,500, suggesting that any minor pullback could present a buying opportunity at this level. If the upward momentum continues, the index might move towards 22,750, with the potential to breach its all-time high of 22,794.70, said Om Mehra of SAMCO Securities.