Nifty: EOD 03-02-2012

In continuation from yesterday:
Q
And lets have a look as to where this First Impulse to the up stands:

SW1=4531-4800=269
SW2=4800-4588=212
SW3=4588-5290*=702 having done almost 261% of SW1,looks near completion:
(i)=4588-4783=195
(ii)=4783-4687=96(50%)
(iii)=4687-5217=530(272%)
(iv)=5217-5077=140(26.4%)
(v)=5077-5290*=213
UnQ
This SW3(v),instead of playing a simple 5 sub-wave impulse( as seen in yesterday's hourly chart) has chosen to(presumably) chalk out a diagonal and so some more upside may be seen.The Hourly chart:



so,the overlapping of 5215 is very much possible( without going below 5159)and then again an upmove past 5235---
FOXY WAVES !!! (as Waverider calls them)
So stay alerted and forewarned.

Raghu