Yes now nifty is in new bull wave.

As seen from the previous day trading nifty crossed a major barrier of 5310 and closed at nifty 5368. Global cues are +ve. FII data +ve. Option writing is +ve.  All is well. Now, nifty will continues to rise up to 5460 and then take a correction before a further rise. Medium term target will be 5700.