Nifty setup is Bullish

Nifty is bullish. We had a good correction. But that is normal in a bull market. Every correction excites the bears and they proclaim it is the end of the Bull Market. But that creates more shorts in the system and the short covering takes the markets to new highs.

See the Nifty chart. All the moving averages are aligned and bullish. The setup is ripe for a further thrust higher.

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