What next in Nifty for Monday and beyond

Nifty after Friday is still moving in a falling channel and should break free sooner or later as a triangle is getting formed and the six trading sessions have still not resulted in a break either side. 4080 to 4200 are the limits for the triangle as for Monday. Does it signify anything if a triangle breaks ? Well, it generally tries to give an indication of the things about to come. We expect a breakout of the triangle. How long will it last ? At least for a few days the market shall try to go up. The triangle can give a break up move or a down move of 250-260 points ideally. So can we calculate the targets and surely take some long or some short positions ? You can do that certainly and we recommend that you take a long on the break out and a short on the breakdown and aim for not 250 points but just 125 to 150 points only from here . Upside that should be 4350 say as a target and should be the expiry. Downside can be 3930 or momentum can take it down still. Most probably we should be rising for some time.
It is interesting to note that the 6 days have showed a red-green-red-green-red-green candle. And these 6 days people with shrewd nerves and ideas of the puts and calls have made good sure shot gains despite of overnight scares which never came and worked just right with perfection - clockwork perfection.
Woodies charts (daily) have showed a IHS for the very short term so expect upside immediate from here. But on a slightly higher time frame there is a larger IHS still forming which will recommend a dip a good dip to form the right shoulder and we can expect the markets to come off again in the near future.
We still would not be able to work out the low levels. But analysts are recommending now a sudden rise to 4800 or some expecting 3500 or 3100 before we go to make new all time highs. Do not be scared of the markets. Try to remain right behind the trend. So be it a bull or a bear, until he or she is not able to trace you, you shall never be killed and remaining right behind is the right strategy. And not everybody's cup of tea this is but at least you and we can try to sense that. All the best for Monday and beyond.