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Saturday, June 27, 2009

(1) Sensex Intraday Elliott Wave For Coming Week ::


Sensex Intraday Elliott Wave :: As We say in last post short term momentum turns up with engulfing bearish candle pattern ,as far as Nifty close below 4480 midterm momentum is down.. We plot Impulse 1st wave finish in our last weekly Sensex intraday Elliott Wave 20th Jun post.. Now 2nd or B wave move up with minor flat a-b-c… 2nd or B of c target in between 14725 to 15125 (already enter in target).. Inverted H&S and 61% retracement also match extreme target (15000/15100) of Elliott Wave count.. Be careful at higher level in coming week…Give long commitment only when Nifty close above 4480 and Sensex close above 15100 till then book profit at high and wait and watch till Budget..

Posted by MY CHART at 6/27/2009 02:01:00 AM

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