Nifty heading for Monthly breakout, Will Bulls succeed ?

• Nifty closed the January series with massive  gain of 778 points, In last 15 years big gains were made in January series in  2012 and 2001  As discussed yesterday  Nifty is took support at its HEMA@ 8861 and bulls made nifty rally in last 45 mins.Monthly and Weekly closing today as seen in below chart Nifty is near trendline resistance in Monthly chart so today's price action need to be watched as we get breakout or give some correction from trendline resistance.
  

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