As we can see NIFTY has almost recovered the panic which was created due to uncertainty of non performance of NDA government but the trust has been regained after gaining majority. It doesn’t matter if it is done by coalition or alone, NDA will be ruling BHARAT for next 5 years which itself should be a positive news. Now that our PM MODI has finally taken oath, we may see new fresh high in NIFTY but also should be cautious as it is a zone of TRAPS. If closes above the given structure, we can expect NIFTY to continue the rally else new fresh correction can be witnessed so plan your trades accordingly.