Moreover, Nifty has formed a pattern pattern from 2008 to 2014. Giving breakout suggest the target near about 10400, where Nifty is almost trading near about.
Recently, Nifty has formed a symmetrical between Feb 2015 to Feb 2017 and giving the breakout signals that nifty next target after 10400 could be around 11230 or near about levels.
Conclusion: I do expect that Nifty will Correct once before moving to its target of 11230 and healthy correction could take prices once to touch near bottom band of pattern. I would suggest to book profit in Equities as i am not expecting nifty to trade higher or sustain above 10400.