From a technical standpoint, Nifty50 remains firmly on a rising trajectory. If it continues to advance within its defined and laid path, it may go on to test the upper edge of the rising channel which translates into the levels of 20500—20650 zone. The spikes in the volatility may turn the market choppy; however, there are greater of the breakout getting extended and the Index testing the upper edge of the rising channel. After that, some consolidation cannot be ruled out.
Nifty has been in a consolidation zone for over a month and we may soon see a breakout or breakdown with the former. However, for