(1) Nifty Elliott Wave Count ::

Nifty Elliott Wave:: Very difficult to judge Primary Flat B wave in such kind of complex count...
Here we try to plot two possibilities
Primary flat b of (B) running with intermediate double W-X-Y.. X of (b) end at high at 5282 on 20th Oct 2009 and now start minor c of Y(minor c of Y target in between 4100 to 4550), after complete b of (Y) near 5310 on 6th Jan 2010, intermediate Y start to move down for target of 3500 to 4250.. Here intermediate Y and minor c both target match in between 4100 to 4250.. Most probably this down move with conformation of bearish Wolfe Wave touch target 4100 to 4250 in coming days..
OR
Primary flat b of (B) end at 3919 on 13th July 2009 and now c of (B) last leg running with Ending Diagonal .. Ending Diagonal 4th may be end at 4954 on 22nd Jan, or still running and must be end above 4800 in next week.. After 4th complete once again Nifty move up to finish 5th leg of Ending Diagonal.. May be 5th finish in between 5450 to 5950 and complete primary flat (B)..