Nifty moves on...

Nifty closed at 6134 with day high at 6145.Steady move up on expected lines / targets.

Daily Chart 31.12.10

60 min chart

I have marked the previous swing CD.Prices are moving steady within the Andrews pitchfork (thro DE from C ).The calculation of 2 times swing range CD from point E gives a target price of 6194 .This target is close to the confluence of the blue mini median line and the longterm median Line (orange).

At this major median Line resistance is expected.If we get a zoom thro bar then higher targets are probable.The possibility of reaching earlier highs looks very positive if it moves past 6200 levels.