The market is close to reaching its crucial resistance level of 21,850 and may continue towards a record high of 22,126 if it manages to close above this level. Key support is seen at 21,500. On February 14, the Nifty 50 rebounded by more than 300 points and formed a long, bullish candlestick pattern. The Sensex also rallied, with the Nifty Midcap 100 and Smallcap 100 indices gaining 1 percent.