BSE BANK INDEX

ELLIOTT WAVE COUNT ON BSE BANK INDEX

BSE BANK INDEX  IS EXTENDING IN EARLY WAVE PROGRESSION IT MEANS MORE RALLY TO COME SOON. BUT IN SHORT TERM VIEW IT CAN FALL IN SIDEWAYS CORRECTIVE MOVE.

BANK IS EXTENDED WHICH I LABELED  AS 1-2 IN PINK , 1-2 IN RED AND 1-2 IN BLUE WHICH IS DIFFERENT DEGREE OF WAVE LABELING . 

DISC REFERS TO WWW.NIFTYELLIOTTWAVE.BLOGSPOT.COM

&

WWW.ASIANMARKETSFORECAST.BLOGSPOT.COM

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE UPDATE AS ON 21.09.2012

AS PER MY OLD COUNT I LABELED AS 1-2 1-2  FROM 5348 HIGH TO LOW OF 5032 AND ANOTHER WAVE 1 I WAS LABELED AT 5448 TO LOW OF 5217.BUT THAT PRIOR COUNT HAS BEEN CHANGE INTO IRREGULAR FLAT AND I AM COUNTING NOW [1] [2] AND [3] IN ACTION . CLICK ON CHART TO ENLARGE. FROM HERE NIFTY CAN SHOW WEAKNESS AFTER MAKING ONE MORE HIGH . AND AFTER WEAKNESS  BE READY FOR  EARLY OPPORTUNITY TO RIDE  EXTREME BULLISH WAVE .  WE ARE IN MINOR WAVE 3.

DISC. REFERS TO WWW.NIFTYELLIOTTWAVE.BLOGSPOT.COM
                                                          &
                                 WWW.ASIANMARKETSFORECAST.BLOGSPOT.COM

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE
NIFTY IS IN EXTENSION   MY  CURRENT COUNTING IS IN  EXTREME BULLISH  SET UP FOR RIDE OUT WAVE  3 below chart help u to identify.  why and how extension can take nifty above 5890++ 6288 kind of level soon......

BANKNIFTY CHART
BANKNIFTY CHART ALSO IS IN EXTENSION. COUNT IN LARGER DEGREE WAVE COUNT
 below chart show you how overlapping 5-3-5-3.becomes extension..

disc.refers to - www.niftyelliottwave.blogspot.com      &    www.asianmarketsforecast.blogspot.com

infy elliott wave count

here is the bull what i think.

FROM 2009 THERE IS A NICE 5 WAVE MOVE UPSIDE IN MOTIVE WAVES. FROM 2011 TOP CORRECTIVE WAVE (A-B-C).IN LARGER WAVE DEGREE WAVE 1 AND WAVE 2 IS IN (PINK).MINOR WAVES IN (BLUE).NEXT DEGREE FROM HERE ONWARD COULD BE NEXT 5 WAVES.