Trade Setup for MARCH 4: Will Nifty break 22000 support?

The Nifty has taken support at 22,000, and if this support holds, there is a possibility of it rising to 22,500. However, the overall sentiment remains weak, and any rise could present an opportunity for shorting. A strong rise above 22,500 might trigger a short-covering rally, but this scenario seems unlikely given the current sentiment. A break below 22,000 would likely find support around 21,700. On the charts, the Nifty has been making lower highs and lower lows for seven consecutive sessions. For the bulls, the first challenge on Tuesday will be to surpass Monday's high of 22,260. Monday's low of 22,004 will act as the first line of defense on the downside. FIIs sold ₹4,788 crore, while DIIs bought ₹8,791 crore.