Nifty Filled 6626, Pushed higher above 6660, what are the markets Hinting? Is it 6800 in the making?
As stated in my earlier article i had mentioned, Nifty correction 5920 before filling the 6626 target suggests Nifty has slipped into Expansion Phase of a broader Trading Range 5600 - 7600..
Nifty's current violation of 6626 & a move higher is nothing but a confirmation of the Long Term trend establishment for target 7062 - 7600 ahead..However, before the journey kicks off towards the target 7062 - 7600, It's a must for Nifty to correct & fill 5615, else the up move is a fake pattern & will not be able to sustain..
The Panic
Short Sellers or the bear's panic button is struck only when or if Nifty violates or moves above "6766 - 6776", as that confirms 7062 in motion. Until then you are all in the game for the same target's "5770 - 5615"
Now @ 6659
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