Friday, August 26, 2011

>NIFTY Elliot wave counts

The nifty counts for the short term is labeled on the following chart .I have resolved the fall from 6338 high in nov 2010 as a complex correction
we have done the W and X part of the complex structure and are in fag end of Y
The internal structure of wxy consists of 3 wave each as can be seen from the above chart
The c of Y can end in the BAND of 4700-4600,And expect good relief from their .

RESEARCH REPORTS

9 comments:

Lakshmi Ramachandran said...

very convincing. else EWavers make it so complicated they dont know what they are saying :)

What after Y is over? How many waves will the "relief" have?

Rish said...

Relief should have 3 wave again or a triangle ,Let it stop would try speculating about the structure then.

Pinals said...

Hi Rishji After a very long period seen your counts & comments.

Rish said...

Been working so was not able to update

RAJESH.SALADI™ said...

Rish, 3918 coming 4832 & 4766 already broken told in last week itself and warned :-

http://tradingcallls.blogspot.com/2011/08/nifty-2-decades-chart-with-indicators.html

Rish said...

Rajesh bhai i just told about relief this market has lot of grinding left .

Rish said...

Nifty hits 4700 and reverses!!!!

RAJESH.SALADI™ said...

Rish, as NIFTY WEEKLY PIVOT { 4811 } CROSSED ON YESTERDAY GIVEN WARNING IN TWITTER :-

POSITIONAL SL { S&R }FOR SHORTS MOVED TO 4960 IN FUTURE & 4940 IN NIFTY SPOT FOR SHORTS GENERATED @ 5607 ON 26.7.11 , KINDLY NOTE !!!!!!!

Long post from Deck.ly 22 hours ago View on http://twitter.com/#!/rajeshsaladi

Manish said...

well done.
Relief can go till what levels?

Post a Comment