NIFTY - BULLS "RRR" moment

Nifty bulls continue to make further in-roads. Yesterday up move (despite getting sold around the 18100 area close is near the top of the range suggested. Bull Make Strong Return (First R), Verticle Rise (Second R), put behind the worry on Rate hikes in US (third R). With the kind of the up move (still room for other sectoral indices to follow suit. If at all any bear fight it remains to be seen in the zone of 18200-300. This remains near term target for the bulls while they firmly in control with higher base around the 17900. For the day 18030-18150 ideally should work.