Nifty has been consolidating for the last five consecutive weeks in the range of 15,450-15,915.

The benchmark index formed a weekly low at 15,632 which was very close to the previous swing bottom support of 15,635.

There are good chances that this support could result in a bullish double bottom formation in the coming sessions.

The primary trend of the index is bullish as Nifty has been holding above its 50, 100, and 200-day moving averages.

Below 15,600, Nifty would change its trend from bullish to bearish and till that happens, traders should make stock and sector-specific bullish bets.

The breadth of the market is very strong which is a very good sign. Out of the last 12 sessions, advances remained higher than the declines in eight sessions.

This is a positive development for the continuation of an uptrend.

From the sectors, realty, infra, cement and logistics are expected to do well from hereon.

A sustained rise above 15,900 would result in a fresh breakout and in that case, we can expect Nifty to extend the rally towards 16,200-16,300.

A close below 15,600 would violate the current consolidation on the downside.

At present, trading opportunities are more visible in the mid and small-cap sides and the focus should be more on these segments.