(1) Nifty Weekly Post For Comming Month ::
Nifty :: As per Elliott wave chart may be last low finest near 2250 with major A wave and this corrective leg moving up with b down leg as far as stay above 2500/2250.. If major wave A finish near 2250 next up swing target for Nifty 3500 to 3900 within one month.. If corrective C of 4th finish near 3147 on 09/01/09 then 5th leg target in between 2250 to 1800..
As per our Friday post Nifty hold strong weekly support 2707 and bounce beck sharply from low.. Still short term momentum is down. Watch 2711/2707 with closing basis.. Below it as Next support 2668/2661 close below 2661 next target 2600/2570/2500 and even below 2500 move down up to 2250.. Nifty formed PENNANT pattern with major corrective wave and breakdown given more bearish scenario..
Our strategy for 24th Feb. watch support 2707/2661 if hold this support buy on deep (S.L 2661) sell at high.. Resistance for up move at 2775/2790/2806/2830/2870.. Supports 2711/2707/2668/2661..
for all other people calls please trade at your own risk