Nifty Page: 18-07-2013(EOD)

Starting from my previous post:
Q
A tick above today's high of 5880 can, therefore be taken as a decisive breakout -- 
UnQ

And after the break-out, we are currently appearing as follows:

Now what are the likely destinations:
Labelling it as Harmonic AB=CD pattern we can see it as:

Thus the first target comes to 6097

Here I would like to mention significance of 6084
1. It is a square number(78x78) and as per Gann's theory an important price-threshold;
2. 78.6% retracement of 6229-5567(=662) comes to 6087 and breaching/closing above it would diminish probability of following AB=CD
AB=6229-5667=662
BC=0.681-0.786 of AB
CD to go down again
(illustrated in chart below)

Which in turn would diminish our chance of going to sub-5400 levels

And increase the chances of scaling to new all time high.

Although chances would get 'diminished' but they would not get ruled out as many a time I have observed BC retracing 0.886 of AB i.e. in current context 6153
(please note in the green AB=CD probability illustrated in the chart above, ab=5477-6229=752 has been retraced upto 5567 making bc=6229-5567=662=0.88 of ab)
But definitely above 6153 we shall be labelling as below:

Thus for my immediate trades I would say 6097 is the minimum upside that is visible (which may continue upto 6147).

But for larger picture, I would be watching 6153.