i am a simple solution guy , my readings are more on price based actions and price based patterns as its the real thing , indicators are just like assistant to the BOSS , when we have to go buy a real estate for example ,we go to the BOSS and not to the assistant because BOSS knows better than the assistant always , we do not like to deal with assistant rather than the BOSS , do we ? same is with the price charts price is the BOSS , all others things are just its assistant and are not as reliable as the BOSS itself
so markets was in a broad range of 500 points about for about a whole year from september 2012 -august 2013 , this range broke out with momentum and its pattern targets were 4900-5000 minimum , but targets are targets may or may not turn out , markets once again entered this range in style , so that tells us that ,atleast for now something has changed , news or no news doesnt matter , now since markets are again in that range the targets for nifty are again upper boundary itself , simple and clear (not to say markets cannot fall again out of the range markets can do anything anytime ,and thats true for every second of life of a trader in the markets, but as of now trend is up, we will see if that changes ,and when it does as a trader i will change my stance again just like a chameleon , a trader just needs to be a chameleon