On 14th Jan Monday.. What we witnessed was a False Breakout on Downside. Price Broke 10700 level in Intraday but bounced back in later half to close above the support line.
Today (15th Jan) price broke out of the triangle/diamond with heavy volumes, sustained above and also closed above. Aggressive short covering was witnessed in Nifty as well As Options. Fresh Longs are built. This Breakout looks true and any dip should be bought from here.
Spot - 10886
Buy On Any Dip Till 10820
SL - 10740 on day closing basis
Targets - 10880 / 10930 / 10980 / 11030++