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Yes, Everything changed for me due to this rally. Earlier assumed as ongoing rally as wave (x) or 4th wave is making a doubt zig zag, but today break above previous high and resistance confirmed it as 5th wave rally.
So why this happened ???
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The fall happened on Monday was the end of sub wave (iv) as it was a 'Running Flat' Correction. As shown on chart 5970 gave support and hence a strong rally emerged for last leg of Upmove as 5th wave. Usually a 'Running Flat' is an indication of a Strong Market.
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Nifty inside a channel - if crossed may test resistance like 6193 and 6246. Lets See.
