I had told repeatedly that that we are on the verge of New Bull Market and having Nifty Target of 15000 by three yrs.
Now Nifty has rallied more than 10%. It is in the interest of Bulls, that Nifty must consolidate prior to next up-move, that’s why I had given the target of 5770 and closed the nifty trades initiated 5440.
At present Nifty is showing liquidity driven strength and in a mood to touch the level of 6000 in this very rally. Hence Nifty can be traded long once again with strict SL of 5680. But this trade can be initiated by prolific traders only.