The Nifty has now defended 22,000 on a closing basis for two sessions for two sessions in a row but the question remains as to how long will this resilience sustain.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,093 level, a discount of nearly 167 points from the Nifty futures’ previous close.

Investors, even the most seasoned ones, may find their patience tested during market meltdowns, as evidenced by rising SIP cancellation rates in the past few months.