Trade –

Entry: 18062 – 18112
Stop: Below 17985
TGT 1 : 18268
TGT 2 : 18424

Nifty gave a Cup & Handle Breakout after gaping up above the neckline of the pattern. This move signals the end of the consolidation for the index which can only be reversed if the nifty gaps down again inside the pattern which might lead to continuation of the consolidation. With global indices performing rather indecisively the open becomes very crucial for the trade to bloom. RSI also certifies the breakout.

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