Though i was expecting 4980...it did not come ....now the price action looks heavily bullish to me. We could go as high as 5404 in June. In previous uotrends 8 SMA gave support to price in congestion zone.. This time too 8 sma gave support and pushing Nifty upwards in great speed.
Ascending triangle like form in this congestion zone.
I have a target of 5380 by June 21st taking into account a previous similar pattern. Lets see.