As seen in the above chart nifty has formed flag pattern in hourly chart.
Breakout from any of the trend line weather upward or downward will followed by good movement in the index
Target 1 - Red trend line shown in chart
Target 2( if breaks target-1)- Black trend line shown in chart
Intraday traders can go for target 1
while short - term strategy will be to wait for target 2
0