Nifty (Spot/ Cash) Trading at the Higher end of the Rising Wedge. As marked with Red and Green Arrows in the chart below.
We can see some profit booking in Nifty From here. From here we may see some correction in the market. Bullish if closes above 13200 in the spot, If closes above 13200 we may see rally upto 13500. Till then Stay on the short side with SL 13200 for targets of 12800.
