Channel pattern will Continue in Nifty.

Since we have observed a channel pattern in nifty, We are expecting to break it from here after 10th May Candle. However the latest two candles have given a confirmation of continuation of the channel pattern till 14200.

We might expect a break out in the upcoming rallies. Traders can trade keeping in mind the long term trend of the market, in order to capture a long moves.

Thanks,
Sagar