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Sunday, March 22, 2009

(1) Nifty Elliott Wave Count For Next Week ::


Nifty :: Very difficult to count Elliott Wave in side way flat momentum.. Here we try to plot two alternate count of last leg in Nifty chart..

(1) As far as stay above 2540 Nifty move up as Primary Double A-B-C of B running with intermediate flat a-b-c of c Maximum target of c in between 3050 to 3550...Most probably target zone of c in between 3050 to 3250..

OR

(2) Intermediate ZigZag a-b-c of b still running..Maximum target of b in between 2100 to 2600 .. Most probably target zone of b in between 2400 to 2600..

For 23rd March

Once again an insider day with low volume.. Nifty made double bottom near 2771...Now 2771 is works as most imp level below it watch strong support 2723/2690 /2654.. Our strategy for 23rd March up to 2822 sell at high (S.L 2841) buy on deep (S.L 2723).. Resistance for up move at 2822/2836/2870/2882.. Supports at 2771/2752/2723/ 2690/2654…

Posted by MY CHART at 3/22/2009 09:26:00 PM

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