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Monday, April 20, 2009

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


Nifty :: As per our 22/03/09 weekly Elliott Wave count post Nifty achieved max target in Thursday trade..

As per Weekly post Nifty running in primary Zigzag A-B-C of B with Intermediate a-b-c , last leg c target zone in between 3050 to 3550 .. Lat leg c running OR may be end with primary double zigzag w-x-y .. This primary double zigzag w-x-y of y target in between 3525 to 3650.. If target still pending may be y of b moving down and its target between 3375 to 3150.. As far as stay above 3150 momentum is up.. And may be achieved y of c target 3650 sooner or letter after completion of b in coming day.. Avoid buying once break 3150 and close below 3140..

For 20th April after this complicated wave structure simply watch two support 3354 and 3307 if break 3307 Nifty move down for minimum target 3250 to 3150..

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