As we had been analysing since last few posts that NIFTY is still bullish until it breaks the pattern below despite showing weakness in smaller time frame. Now NIFTY can be seen has recovered almost 250++ points from our trendline which was a sharp recovery exactly as analysed in our previous posts. Now that NIFTY has finallu closed above the given pattern we can go long keeping SL below the pattern and ride the rally which could be till the new high of NIFTY so plan your trades accordingly