NIFTY has been moving a really strong up trend since November . After a strong correction to the moving average on daily , it has bounced sharply . Today not only it gapped up but closed above the resistance of all time highs with a strong close on daily. Market gapping up above a resistance and closing shows strong signs of a breakaway gap leading to further short squeeze. Size of the swings have been small since November . And based upon previous leg , market might lead to levels of 14,400 - 14,500 with the start of the new year .
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