Nifty has been consolidating from February while US market has rallied to record high. Q4 season seems to be decent show and covid wave 2 are showing signs of peaking out. Around 10% population is vaccinated and another 40% vaccination will ensure wave 3 has less effects. Nifty still has lot of upside. Keep the first target as 15850, T2 - 16100, T3 - 16500.
Nifty has also bounced after retracing Fibinocci levels. Supporting trend line has been drawn for guidance incase anyone want to trail and close the position before target.
Nifty has also bounced after retracing Fibinocci levels. Supporting trend line has been drawn for guidance incase anyone want to trail and close the position before target.
Comment:
Book Partial or Full profit and re-enter in next month contract near that support line. Expecting consolidation before next upside.