Trading Band for Nifty has moved higher!

With the huge upmoves in the markets, almost like a 100m dash, w/o stopping has made the markets change its course not only in the short term but also in the medium term. . .The markets were drifting lower in the previous months and hence a lower range was getting established. The range then was between 2600-2900, with the range being broken only slightly on either side. . . However with this upmove now the range has shifted to 2750-3050; this range stands as of today, however if the market continues to go up the range would also follow suit. . . but none the less the range tells us that if the markets are to plunge tomorrow where are they likely to find good support and then where would the resistances come along. . .Hence the moving up of the range augurs well for the markets from a long term perspective. . .it might for all we know the end of the bear markets!!!