NIFTY trend for the day remained positive for the entire day. Nifty did break out of the narrow range it was in for the past week.

Nifty remained in the range of 18250 and 18400 for past one week. However, nifty did break out the ascending triangle.

Nifty should now head towards 18612 levels and then head towards 18710 levels.

Technically, the market is clearly in bull’s control. However, the rising covid cases could bring the markets down in the next week.

Also, news about Germany entering into recession could negatively impact markets. 

US Debt ceiling meet next week could also dampen the sentiments. 

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