Technical view by Nooresh

Nifty Technical View – Breakout lacking volumes.



Nifty Technical View:

-> The bullish flag/triangle which we have been looking into since a couple of weeks now has been broken and Nifty is sustaining above it.

-> Any breakout needs to be followed with a good price action and volumes which is lacking as of now.

-> The recent top at 5380 will be a next trigger point for a breakout which we would be watching till then continue to be stock specific.

-> On the downside we may continue to watch the 5100-5200 band for supports.


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