Nifty long term Monthly chart

NSE:NIFTY   Nifty 50 Index
A long term chart of Nifty with simple trendlines . A triangular consolidation in play while rest of the major indices are in fine bull run. Holding 7800 levels approx is crucial for siginificant upsides.

Strategy : Buy all dips from CMP to 7800 with a stoploss of monthly close below 7700. Focus should be on large cap stocks in Nifty .

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