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.
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Book Partial or Full profit and re-enter in next month contract near that support line. Expecting consolidation before next upside.