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Sunday, November 08, 2009

(1) Nifty Chart For Coming Day's ::


Nifty :: As per our last Ending Diagonal post Nifty touch extreme target 5150. Exactly turn down from resistance zone 5110 to 5190..
Now what’s next ?
All you know time to time we gives tops and bottoms analysis with target before its happen in our Elliott wave post , and after conformation of tops or bottoms, we give next down or up move target for coming day’s..
Here we plot different count may be its works in coming day’s as far as Nifty stay below 5053..
Nifty moving up with Cycle degree inverted double zigzag W-X-Y.. Wave W finish at 4693 on 12th Jun 2009, with zigzag A-B-C.. After that Nifty moving with Primary degree Flat as A-B-C.. B may be finish at 5181 on 20th Oct 2009.. And now running last leg C.. Most probably, Nifty touch target in between 3350 to 4220, before end of Jan. 2010. (Maximum time frame, to finish C of X leg up to May 2010). Cycle degree inverted double zigzag X leg target in between 3100 to 4050.. Both C and X wave target match in between 4050 to 3350.. As far as Nifty stay below 5053 once again start to move down as zigzag motion and meet first target 4350 and after breakdown of 4350/4300, its touch target 4220/4050 and below in coming day’s..
(Mid term investor those who exit below 5020 or short below 5020 now revise your short stop loss at 5053)

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