Nifty is on the verge of breakout from a flag

Nifty has been trading in  a channel and it can be  considered as a  bullish flag also. We are giving below the chart of Nifty.

If  Nifty is able to  trade above the upper line of this channel and stays above it then it may reach 5600 . With most of the global markets trading below 200 dma at present it  may seem  a unrealistic target  but markets have their own mind. Lets see how things turns out to be.

Oil and Gas sector may be the next leader if Nifty has to reach those targets.

Yes  bank has made a rounding bottom  pattern on charts and it has support at 265 and  resistnace is at 300