Below is the technical chart of Nifty, on weekly time frame, using some technical indicators. But we'll focus main on Ichimoku kinko hyo indicator.
|Book Profits in Nifty | Technical chart|
On weekly time frame chart, Nifty has touched the upper line of Kumo, which was high resistance zone. It can not cross such a resistance zone without any correction. So, I suggest to book your profits at this stage and sit on cash. On the downside, its support is at 5330 and then at 5287. Enter at these levels again.