NIFTY50.....Dismissal or grant?Nifty 50 IndexNSE_DLY:NIFTYruebennaseHello Traders, the NIFTY50 has a strong week with 5 days of rising price behind him. It closed the week at the round number of 23000 points and above the .786 Fibo of the advance from October 8th to October 16th! This is a strong sign. While my first target at around 22344 was hit, another target is still open as I wrote before. The number of 21827 is still valid and not done yet or eliminated. After five days of rising price it is time to cool down for the N50 and a „corective move“ should not surprise. One target should be around the area of 22863-22672 for the week. From here, if so to come, the N50 should move into the overarching trend and make new highs above the level of 23175. Here, a possible target range is at or around the 23392-23673, what would be at another „Order-blog“ (blue rectangle)! We have to check the pattern at the coming 1-2 trading days and look for clear signals. Have a great and succesful week..... Ruebennase Please feel free to ask questions or leave comments as needed. Trading based on this analysis is at your own risk.