Tuesday, May 28, 2013

NIFTY ELLIOTT WAVE FORECAST

NIFTY IS MOVING TOWARDS IT'S WAVE B. AND WAVE B ALMOST RETRACED .618 OF LENGTH OF WAVE A.WAVE B IS MOVING IN DOUBLE ZIGZAG PATTERN (A-B-C-X-A-B-C).
CONFIRMATION TO WAVE C ONLY BELOW 6055.INVALIDATION TO COUNT 6230.
TREND CHANNEL SHOWING CLEAR PRICE RANGE. ONCE LOWER TREND LINE BROKEN THAN WAVE C WILL REMAIN IN ACTION BUT CONFIRMATION TO COUNT OF WAVE C IS ONLY BELOW 6055.MORE UPDATE SOON............ RED LINE SHOWING POSSIBLE MOVEMENT OF NIFTY.
 
CURRENT POST WAVE COUNTING IS CONNECTED WITH LAST POST.....

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