Strength in NIFTY but Still in Rectangle
India’s Nifty Index (as well as the $BSE Bombay Sensex Index) showed great strength in its recent price swing from 2,500 to 3,100 over the last two weeks. Let’s look at the Nifty Daily Chart to see its current consolidation structure and note key points to watch. Click for full image. I’m sidestepping the Elliott…