Wednesday, March 21, 2012

NIFTY ELLIOTT WAVE UPDATE


IN ABOVE NIFTY CHART.AS PER FORECAST WAVE 2 FALL.AND QUICK RECOVERY IN WAVE 3. WAVE 3 IN PROGRESSION MAIN COUNT IN BLUE AND RED COUNT IS SUB COUNT OF MAIN WAVE. STILL WAVE 5 MINUTE IS NOT ENDED. LOOKING FOR 5900 NIFTY IN WAVE 5 MINUTE COUNT.WAVE 1 IS DIAGONAL SO THERE IS LESS POSSIBILITY OF DIAGONAL IN WAVE 5.WAVE 3 IS EXTENDED SO WAVE 5 ALSO LESS POSSIBLE TO EXTENT. WE MAY SEEN CLEAN FIVE WAVE STRUCTURE. STILL INVALIDATION TO COUNT BELOW 5172.(CLICK ON CHART TO ENLARGE IT)

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