Nifty ended at a record high for the fifth consecutive session on December 28. Nifty continued its up move on Dec 28 making yet another upgap.

The F&O expiry on Dec 28 could have contributed partly to these gains. It will be interesting to see whether this momentum continues in the new monthly F&O expiry.

Nifty could now rise towards 21920 while 21675 could offer support.