NIFTY Daily Clusters
The NIFTY forms an inside bar candlestick pattern on Daily Charts the breakout of range on either side could give a swift move of 100 – 150 points on both sides. Now are in the range of 11662 – 11762.
Hence overall trend for NIFTY could remain sideways consolidation with some choppiness until range shift occurs in NIFTY and sector specific action to persist.
The NIFTY Pharma sector could continue to be bullish with Cipla, Glenmark Pharma, Divis Labs can inch higher.
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