Nifty daily analysis

• The first chart shows the broadening pattern breakout. But few day's back we discussed it as a triangle pattern happening in reverse order  CLICK HERE TO SEE IT.
• Second chart shows the breakout that happened at 5350 and the importance of that breakout. 5350 was never broken on closing basis and who ever had the guts to buy on dips must have made big profits.
• One should trade breakouts with calm. If a breakout happens don't rush. most of the breakouts gives an opportunity by pulling back to its breakout area. In this case nifty retested 5350 nearly 3 times.