Nifty January 5th week Analysis

Nifty is expected to remain highly volatile in the upcoming week due to multi-event and news flow week. On a weekly basis, my view remains that if Nifty tests any imp short covering level, then we can expect strong short covering making Nifty close in green on a weekly basis. Imp short covering levels on the downside are:
1.)22803
2.)22460
3.)22338
All levels are marked in the chart posted .