majority of the move... fundamentals have not changed at all from 4-6 weeks back highs of 5180.. and they were still the same at 4500 and today also they are same ... easy money is playing this and that is why I am very much concerned about US markets and specially DOW making a rising wedge .. FII will pull the money out as soon as DOW break the wedge and most likely go long in dollar as it has already got strong BUY from many financial institutions... might not be public yet but Merill Lynch & Goldman Sachs has put a buy rating on dollar...
If we cross 5030 spot then InvHnS on 5 min spot will lead to 20 pts upmove i.e. 5050. Which in turn will activate DBl bottom since crossing 5040 which in turn will activate tgt 5070 ...