This week, the NSE Nifty 50 reached a new all-time high of 22,186 and technical charts suggest that it may soon break out and reach 22,500. In the last month, the Nifty has seen some resistance but has stayed strong thanks to support from the Consumer Durable and Pharma sectors. Some analysts predict that if this momentum continues, the index could reach even higher levels like 22,400 - 22,600.