>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:
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?
Relief should have 3 wave again or a triangle ,Let it stop would try speculating about the structure then.
Hi Rishji After a very long period seen your counts & comments.
Been working so was not able to update
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
Rajesh bhai i just told about relief this market has lot of grinding left .
Nifty hits 4700 and reverses!!!!
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
well done.
Relief can go till what levels?
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