NIFTY has made the Rounding bottom , and had a break out with gap up!
Consistent with this pattern is the slight secondary sideways movement between 9000 & 9200 levels resulting in a bull flag .
Considering 8700 as the beginning of the pole, if NIFTY breaks above 9200 our next short term target will be 500 points i.e 9700 in 3 months time approx .
20 & 50 SMAs remain Bullish as they are crossed way apart !
NEAREST RESISTANCE 9200
NEAREST SUPPORT 9000
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