Saturday, September 29, 2012

Nifty - Elliott Wave Update

Nifty Daily
The area between 5740 - 5840 is critical for Nifty. If reversal occurs between this level, we may see sharp declines in Nifty in coming days. Above this level the upside may get stretched till 6300 odd levels.

4 comments:

  1. Hi aniruddha.,

    small obsv on the rise from Dec'11 lows

    Lable given as w: 4531-5630 , but this looks impulsive & does not look a 3wave . may be thinking as ZZ ABC will be more beneficial...

    or may be like wot i had prev said, if u can look @ 4728-5400-4531-5630 as an Expanded FLAT X.a wave.. then that also can fit in!

    rgds

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    Replies
    1. http://1.bp.blogspot.com/-TCzHki54BV0/UG66PP387mI/AAAAAAAACGc/JDHkTwTFpe4/s1600/Nifty+Daily.png

      Please refer this chart.
      Regards
      Aniruddha

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    2. yup, looks good boss, lets wait for Trend to bend tho :-)

      good day!

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    3. Sure confirmation is a key determinant to longevity in markets!

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