Nifty showing strong undercurrent of positive bias.

Although various local and global Micro news and trends were indicative of Nifty rally fizzling out or making a top a strong undercurrent due to strong Macro factors is continuously providing undercurrent of positive bias to the Nifty and it keeps bouncing after every attempt to sell off. It will be interesting to see how much the Bull-Run can sustain further with elections and pre-election buzz starting to make itself more and more visible. Nifty supports remain at: 22436, 22325, 22263, 22129 and finally 22018. Nifty Resistances will be near: 22523, 22688 and finally 22854 which looks like a top of the current channel.