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Yesterday, the NIFTY opened on a positive note and rose above the 22,400 mark in early trading. It made a trade high of 22476, however, it couldn't sustain these higher levels and experienced some profit booking. Ultimately, the NIFTY ended just above the 22,400 mark. It's worth noting that the NIFTY is still trading above the 20-day exponential moving average (20DEMA).  For long positions, it's recommended to keep a stop-loss below 22,250, as the range of 22,300 to 22,250 will serve as important support. On the upside, NIFTY has resistance near 22,500, hence caution is advised at higher levels. Fresh longs should be taken only above 22,500 now.