The Nifty has recently reached a new all-time high, reaching 22,126. However, for a sustained upward momentum, it's crucial for the index to maintain this level; otherwise, it might revert to a sideways trend. Should it successfully hold above 22,125, the next potential targets for the February series are identified at 22,500 and 22,700.
Conversely, on the downside, the range between 21,640 and 21,500 presents an immediate demand zone. Further down, the key demand zone is situated between 21,200 and 20,800.
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