This chart is an overview of weekly nifty. Nifty was moving in a parallel channel and now it has broken the channel and moving in a positive direction. There is no resistance and its moving higher and higher so may be possible nifty may take turn towards downward. The support can be expected 13867 nearby.
Very brilliant ! Nifty is in uncharted territory & may continue the uptrend with bouts of profit booking & subject to Global trends & events & try to form a new channel or if it turns back due to any major negative like FED advancing rate hike cycle due to out of control inflation or US job market showing low unemployment rates consistently or announcing unwinding of its bond buying programs creating taper tantrum situation like July 2013 adversely impacting all global economy.In that case long term trend in Nifty most likely to correct with strong support @13867 as explained above.