on weekly chart NIFTY is forming a rounding bottom like formation with a strong bias towards up side as the crucial UP election results are out NIFTY should ideally break into a roaring bull phase !

As of now bulls and bears are resting at the range of 900-8900 level

if this pattern shows a break out we can see nifty climbing to dizzying heights of by hitting 10,000 in  3 months ..but again that is an ideal scenario

20 Ema & 50 Emas are miles apart signaling bullishness

NEXT Support : 8700

NEXT Resistance: 9130


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