Nifty More Consolidation or Ready for New high?

As we encountered fresh buying on Friday expecting nifty to resume uptrend as in this month there will result declaration of many heavy weight stocks so nifty can move one sided not expecting nifty to break support zone suggesting to go long on nifty. Many sectors have started rally and particularly few stocks are ready to make life time highs. Market events upcoming week can bring unexpected movements in nifty.

Trend remains bullish wait for consolidation to end and trail your stop loss until nifty creates a new high.

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