Nifty Daily Chart: On the daily chart we see that Nifty has broken the triangle as we expected few weeks back. Nifty has given surprises by rallying with run away hard gaps. All we need to see is to build on long positions when Nifty tries to fill the hard gaps in a day or two.
Nifty Intraday Chart: On the intraday scale we see a positive trendline in formation. The RSI seems to be little tired, which gives us an opportunity to enter the market when nifty tries to take support at the marked levels (Blue Lines).
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