Nagaraj Shetti, Technical & Derivative Analyst at HDFC Securities, expects Nifty to move up further with target levels of 22,500 to 22,600. Bank Nifty's next strong resistance is 48,000. Shetti's stock picks are Piramal Enterprises Limited (PEL) and Avanti Feeds. PEL is attempting an upside breakout. Avanti Feeds has witnessed a decisive upside bounce.