Nifty Update: Although Nifty has been in a correction mode, the pattern has been extremely meager and does not give me a strong conviction to go short. Chart of Bank nifty strengthens this view. In my opinion, Nifty will make another high above 6300 before it enters into a meaningful/deep correction. This will provide a very favourable R:R for the bears to make money. At the moment, my trailing longs in Nifty got stopped out yesterday but I still hold bank nifty longs. Will look to go long in Nifty above 6170 spot. Supports- 6089-6070-6049-6030