On the last trading day of the last week Nifty fell by approx 20 points. There was negative sentiment throughout the whole trading session and the traders booked their profit amid volatility both in the global and domestic market due to the speech of Janet Yellen for indications on the path of future interest rate hike.
Under broad market indices the midcap index was marginally up. Both on the weekly and daily chart the consolidation got matured enough to give a breakout.
To know more about the possibility of breakout click the video