NIFTY has given downward slope breakout and moved comfortably upside.
After continuous upmove, profit booking is observed
For few hours, NIFTY was consolidating within a range of 18180-18135.

A range breakout can take NIFTY towards 18230-18245 range.

Volume analysis:
1. The breakout happened with a very good volume
2. Every selling was absorbed
3. In HTF, there is a dip with low volume which is invalid.
4. After a dip the price tends to move upside with higher volumes.
5. Profit booking seems over.
6. A slight dip due to profit booking can be witnessed but it may not go down below 18135. If goes below 18135 then it is overruled.

Conclusion: Expecting NIFTY to move upside with a good momentum.

#DJI
Possibly Dow Jones will take a pause today and might experience a reversal today.
A perfect invert H&S pattern will be formed

Happy longs and Happy trading.

Disclaimer: Due Diligence.