NIFTY appears to be preparing for a significant time-cycle inflection, scheduled around February 27th, as discussed earlier.
This date has the potential to be strong enough to push the index decisively out of its ongoing consolidation—either to the upside or the downside—so it deserves close attention.
So far, the entire month of February has been spent oscillating between the February 1st low of 24,571 and the February 3rd high of 26,341. Outside of this initial expansion, NIFTY has largely remained directionless, moving up and down without follow-through.
As highlighted previously, the repeated testing of the 25,372–25,472 support band is a concern. Every retest weakens the integrity of the zone, and that should be kept firmly in mind. While our broader view remains structurally bullish based on cycle placement, a sustained move below 25,372 could turn the market short-term bearish, even if it eventually realigns with its underlying uptrend.
The NIFTY IT index continues to be the key pain point. It has broken an important support level and will need meaningful time and price work to rebuild its technical structure. That said, from an investor’s perspective, this phase represents a significant opportunity. I have been gradually accumulating select IT stocks with a longer-term horizon, keeping this broader cycle context in mind.
Overall, this is a market where time is doing more work than price—and February 27th may finally be the moment when that balance shifts. Let’s watch it closely.
gann,insides 