Tech View: Nifty ready to test all-time peak levels. What traders should do next week

Nifty on Friday ended 139 points higher above the 22,000 mark to form a Spinning Top candle on the daily chart and indicate indecisiveness. The index looks set to test record-high levels next week.

The short-term moving averages are below the price action and should continue to support the indices on every decline. With 22,000 acting as immediate support to watch out for, the bigger area of support stands at 21,800-850. On the higher side, the crucial resistance zone is at 21,125-150 levels (ATH levels), said Rahul Sharma of BlinkX.