Last Week's Channel showed as to watch 5161. It was written
Nifty has been trading in a channel. Trading and closing above 5161 Nifty will target 5570. Time frame 15 to 30 days. CLICK HERE TO READ POSTThis week the channel reamins the same but there is another channel which has been formed. It is between 5143 and 5030. Hence till we have a clean breakout either above 5160 or breakdown below 5030 Nifty will continue to trade inbetween this channel. Strategy will be to buy at support near 5030 and sell at resistance near 5140. Break above or below carry your postions and wait for targets.
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