NIFTY PRICE AND TIME UPDATE

NIFTY is going through a TIME,WISE consolidation. Although the (PRICE PATTERNS) are week: NIFTY is not breaking down. The TIME element is forcing the PRICE to fluctuate in a defined range. This still shall continue for few more days, until the (TIME FACTOR) supports prices to regain momentum on downside. Until that happens as TRADERS we need to take small profits staying with the trend. On TIME front we have 2 Important dates. 1st is Tomorrow 22nd,February which is a Pattern date for NIFTY: AND other is a (HARMONIC TIME CYCLE DATE) on 25th,February. Watch;out for both the dates. The point at which entire market is poised it becomes very critical to se how prices reacts on both these dates. Price wise 17,450 to 17,650 is a strongest resistance points on Higher side. I won’t say it’s impossible to break this zone but it would be a real challenge for NIFTY to take this zone away. On downside 17,000 is a week pattern support which once breaks would trigger a TIME as well as PRICE breakdown. So watch-out these levels. The trend of markets would be decided by Price Patterns and Time Cycles not by external noise.