Pre-Market View:
I had concluded yesterday's EOD post with following words and chart:
Hour charts,however, are not showing any signs of exhaustion so far---------- so more upside is left and no anticipatory shorts should be created. Barring any sudden domestic political upheaval/global break-down-- upside is likely to continue on Friday morning.
And following two charts would be helpful in placing the Nifty action into proper perspective:
Would wait till EOD to choose my preferred EW labels.
EOD Post:
The rally continues unabated----------
And C=A=5870 was breached and today's close was above that.
Hour charts were clearly exhausted compared to yesterday but it would be too early to say anything about the retracement of any degree setting in.
I had concluded yesterday's EOD post with following words and chart:
Hour charts,however, are not showing any signs of exhaustion so far---------- so more upside is left and no anticipatory shorts should be created. Barring any sudden domestic political upheaval/global break-down-- upside is likely to continue on Friday morning.
And following two charts would be helpful in placing the Nifty action into proper perspective:
Would wait till EOD to choose my preferred EW labels.
EOD Post:
The rally continues unabated----------
Hour charts were clearly exhausted compared to yesterday but it would be too early to say anything about the retracement of any degree setting in.
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