Nifty Bull Run to Continue !!

 Nifty seems to be taking a breather with the Grexit, Rajan exit and Fed rates worrying the markets. The Indian monsoon is a crucial event eagerly awaited by the market. Markets do what they have to technically and events don't drive the market.  Nifty has  performed well  against the odds so far and is well placed technically to move higher.

The indices has been making higher highs and the corrections have been shallow indicating that bull market is in place. With all three short, inter and long trend oscillators on daily TTO charts firmly placed above zero, Nifty seems to be consolidating as the minor trend corrects from the overbought position. This represents a time correction in a bull market. With the Synchronized Bullish  Alignment (SBA) pattern on the TTO, another sharp up move is likely in the next few days, taking out the resistance at 8300-35 levels.

Nifty Daily with SBA

On the weekly TTO charts, the  short and intermediate trend oscillators are set to cross the long trend oscillator in the next few weeks. The crossover will result in a blowout rally, something witnessed during 2014 which could result in Nifty taking out the previous high and reach higher targets.

Nifty Weekly