NIFTY In A Consolidation . Intersting to watch its Move

As we can clearly see nifty is made a new high everyday which rally is backed by Reliance industries .Nifty on a hourly time frame forming a channel pattern depicted here with black line but on a 15 minute time frame it has broken that channel and forming a seprate trend line shown with red colour. It will be interesting to watch the next move of nifty support and resistance zone and levels have been marked .