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According to Nagaraj Shetti, senior technical research analyst at HDFC Securities, the short-term trend of the Nifty is characterized by choppy, range-bound action. He noted that any upward movement from the current levels may face significant resistance around the 22,800 mark. Shetti highlighted that immediate support for the Nifty is situated at 22,550 levels, and a decline below this support level could potentially lead to further weakness in the market.