- Dow came out from the 2 month old range..the extremely good break out.
- This break out is with good speed, taking extremely short time means most likely this is not corrective up wave but more chance of beginning of a new bull run,and this correction is over here.
- Corrections are small and main move or impulse waves are fast,is the first sign of bullish run.
- particularly,when it's comes out from the any bearish cycle.
- see Dow Jones with extremely short correction both time and value aspects.
- Swing pictures tells lots of up move unfinished before completing the swing rules necessary formations.This up move should end only after 4 or 7 week times more from here,and this is the first week means at least 3 more week time upside still remain, till than no possibility of any big down move.
- If this is corrective upside it should not go beyond the level 11930,and close there..considering the swing unfinished picture and more 3 week upside remained, it will definitely go above this lvl and close there,Because it is only 130 points away from today's close 11808.
Our market in line with global markets, will come out from the range.I am expecting this since 4730 lvl.see the basic and inside formation of range is similar with Dow Jones in nifty chart.that is why we are buyers in side the recent correction of 5160 to 5011..
