Nifty Future for Week Dec 29-Jan 2 - Rakesh Chandra

On the daily chart, the Nifty is showing a triangular pattern formation. The evidence says that a somewhat bullish pattern is forming. This will confirm when the Nifty crosses the weekly bullish level.

If the bullishness gets confirmed, then this may continue for some days. The change in direction of either side is show in the chart.

With stoploss 2,860, buy Nifty future above 2,897.92, for weekly up target 2,959 >>3,058 >>>3,120.

With stoploss of 2,898, short Nifty future below 2,860.08, for a weekly lower target of 2,799 >>2,700 >>>2,638.