NIFTY UPDATE

NIFTY is still holding key level of 21,600 on downside.
Next 2 days are going to be very critical for overall MARKET
As we discussed on last FRIDAY the combined high of next 2 days are going to be very critical.
Post 8th,FEBRUARY next ANNUAL CYCLE DATE for NIFTY would be on 26th,FEBRUARY.

On downside 21,600 continues to be a key support,
As long as 21,600 is holding setup would continue to stay highly vigilant and volatile.
at the same time it also suggests a cautious approach on higher side beyond 22,090 on spot.
On NIFTY BANK level of 45,000 is that major level of support.
Once that breaks we would expect fresh LOWS for 2024

but as long as INDICES are holding their supports trading apportunities would continue to persist on both sides.