Nifty is in a Narrow range with spinning tops

Nifty 50 has spent a month in 11000 range. It's near it's support and resistance. It's in a narrow triangle wedge, preparing itself for a big breakout. The shape of the wedge suggests an upward movement. The 4+ month long rally suggests a correction is due, correction - not crash. So, buy nifty with caution.

If you scratch below the surface, a powerful sector rotation is happening. So, right now trade Nifty with caution and focus on individual shares.

Trade attivo:

So, Nifty is Bullish despite all the people predicting a fall. Go long with a target of 11450

Trade chiuso: obiettivo raggiunto:

Target reached!