Wave 3 is on toward its minimum target at 6359 and all trends are up after completing short term correction last week. March 2009 rally has not only formed new top but near all time high also and any day Indian markets may set new historical top. Forceful new top formations and sustaining above 6357 are must for strong rally in untouched territory
Sentiment heated therefore intraday or very short term 1/2% corrections can be seen any day and it may be a part of consolidation also but until complete selling patterns will not develop till then even short term correction will not be considered. As and when selling patterns will develop,then will be updated accordingly.
Rally is very much on and should be expected that upmoves will be seen after regular consolidations and fresh buying be done after intraday/very short term corrections. While shorting it should be kept in mind that in bullish rally consolidation may happen at higher rates also after any positive development.
Market has confirmed bullishnes therefore remain bullish and be bearish according to selling confirmations only. Firstly be bearish for intraday after some inreaday selling and when 1/2 days selling develop then be bearish for very short term only.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
