Nifty long term Monthly chart

A long term chart of Nifty with simple trendlines. A triangular consolidation in play while rest of the major indices are in fine bull run. Holding 7800 levels approx is crucial for siginificant upsides.

Strategy : Buy all dips from CMP to 7800 with a stoploss of monthly close below 7700. Focus should be on large cap stocks in Nifty.