Tech View: Nifty breaks out of sideways consolidation move. What should traders do next week?

Nifty saw a bullish candle formation on Friday and broke out of a consolidation move, but must maintain above 18,442 zones for upward movement, according to Chandan Taparia of Motilal Oswal. Meanwhile, option data suggests a trading range between 18,200 and 18,800 zones. Technical analysts Jatin Gedia and Amol Athawale predict positive short-term outlooks with key levels acting as trend deciders. Rahul Ghose, Founder & CEO of Hedged, advises buying opportunities for Nifty, which may have short-term resistance at 18,700 and 18,800 levels and already sees an increase in options OI for June month expiry.