For over 6 years Nifty was suppressed below 6357.1

#1
Hi Traders,
On Jan 8,2008 Nifty made a high of 6357.1. Then it came down to as low as 2252.75 on Oct 27,2008.Again it formed double top pattern on Nov 5,2010, by trying to go beyond previous high, but it failed.On that day it made a high of 6338.5.Post that, in the last month(Mar 2014),Nifty broke out into uptrend .Thus Nifty remained suppressed for over 6 years. But now election results and monsoon are the two factors on which Nifty's upward movement will depend.
If both the factors turns out favourable,then Nifty can see the level beyond 7500.:clap: