#nifty50 Bullish pin bar, breaches 50EMA, 17757/18171 next tgts

#nifty50 today breached 50EMA with a powerful pinbar, rejecting lower prices and moving up sharply. It also breached a critical resistance of 17520. Next resistance is 17757/18171. Net buying by FII/DII of 995cr propelled the index higher. RBI policy announcement calmed nerves as vix fell sharply to 17.71 for the second day.
PCR at 1.04 for next week expiry is supportive and CPR should act as a good support on the downside. There are no glaring negative cues which should propel the market higher. Nifty is once again trading above 50/100/200EMA on daily charts and remains in bullish zone. What do you think?