Nifty is expected to show a Breakout from its current trend, within next 2 weeks.
So strategy should be sell on the Breakout Trend Line, and Buy on the below Trend Line. Stop Loss either just above the Trend Line or Below the Trend Line, depending upon the Long and Short positions.
Although, It is clearly visible that from past 3 Months it has been in an uptrend. So, one can also adopt the strategy of Buy on Correction.
So strategy should be sell on the Breakout Trend Line, and Buy on the below Trend Line. Stop Loss either just above the Trend Line or Below the Trend Line, depending upon the Long and Short positions.
Although, It is clearly visible that from past 3 Months it has been in an uptrend. So, one can also adopt the strategy of Buy on Correction.