A move above 5035 wud b bullish

A move above 5035 wud take us to 5230 or so quite quickly... mebbe more... lets see..A move below 4930/4900 wud mostly take us lower to close the gap b4 we move bac upto 5230 or so.

MEBBE NOT BELOW 4720 FOR NOW

Well we are already in the 3rd wave of the 5th wave... n the 3rd is always quick and ferocious... which means by now we should have been well below 4720, since that is not the case.... the 5th wave mite end up being an ending diagonal wave... so we will have one more up(strong but not above 4950) and then one more down which may go to 4720/4700/4650 or so... need not neccessarily go below 4720.

After that we will have a strong and swift upmove, which may go to 5230 or so... let us see....

towards 4300

Will be going below 4720 and possibly to 4300 levels..... confirmation on going below 4759.Bank nifty has gone below the low made on 26/9/2011 intra day, increasing the chances of Nifty following suit n going below 4720 now :)