The market ended last week by adding another 1.60 percent to the previous weekly close.

Although the bears tried to take the charge, all attempts turned unsuccessful. Despite having some fatigue around highs, the market was not willing to surrender and hence, slipped into a consolidation mode.

Now, taking a glance at all timeframe charts, we are unable to find any key observation. Hence, 15,300 – 15,000 will be seen as a crucial range and a breakout on either side should ideally dictate the direction.

But in case of an upside breakout, we would avoid aggressive participation, because as of now, we do not see Nifty going beyond 15,450 – 15,600 in the same leg of the rally.

So, we would continue to advise booking profits if Nifty enters this mentioned zone. On the flip side, the action below 15,000 would be an interesting one to participate in.