Nifty breakout but WAIT

Todays high should break on current week itslef otherwise a reverse trend we may see. But the probability is very much high for moving to 16500 and even beyond. Take a long position only if today high is broken till that time wait.

Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.