Technical View: Rangebound trade with negative bias likely to continue in Nifty, VIX remains at elevated levels

Experts expect consolidation and rangebound trading to continue in the upcoming sessions, with support at 22,270. Below this level, the downtrend may extend to 22,000, which is the key support zone for the Nifty 50. On the higher side, 22,700 is the immediate resistance (the high of April 8), followed by the crucial hurdle of 22,850 (upper end of bearish gap of April 7).

.