Nifty ended the day 89 points higher after reaching another record high level. The index formed a small positive candle with a minor upper shadow, indicating a positive trend. Both daily and weekly charts depict a breakout continuation formation, suggesting that the uptrend wave is likely to continue in the near future. However, given the recent run-up in the market, traders should be cautious of a potential overbought situation. To find out what traders should do next week, click on the link provided.