NIFTY UPDATE

NIFTY have entered the GAP-ZONE of 17,january,
So far that GAP has not close completely,
Let’s see how things goes.
Next week on TIME FRONT we have important CYCLE DATE for NIFTY;BANK on 5th,FEBRUARY and for NIFTY major monthly turn dates are due on 7th and 8th,FEBRUARY.
POST 7th and 8th,FEB next major date for NIFTY would be on 26th,FEB So the combined high of 7th and 8th,FEB is going to be very critical.
As per CYCLE EQUATIONS next week is going to be highly pivotal.
Irrespective of whether NIFTY makes a higher high or not setup would always demand a cautious approach.
LEVEL of 21,956 would be very important on closing basis.
If we get consecutive daily close above 21,956 then that would signal further higher highs.

until yesterday we were closely watching LEVEL of 21,385 as a PRICE-TIME-EQUALITY support,
after todays move that level have shifted higher at 21,600 on spot.
So holding 21,600 near term setup would continue to stay positive.