A New Bull Market !!

Nifty has conclusively broken the multiple resistance  at 6350 levels and has continued to close above that levels on daily and weekly charts. With the  monthly closing also likely above that levels, it seems Nifty has finally entered the new bull phase and the current rally may be considered as the first wave up with its five sub-waves with target of 6700-50. Post which, a correction is likely and Nifty may come back to test 6350 levels. Nifty now has a long term target of 10,000 in the next few years.