Monday, August 12, 2013

>Nifty elliottwave chart

Hi friends,
                   Nifty  pretty much moved the way i expected it for sometime now ,Until recently when i expected 5600 to hold ,But nifty breached 5600 and went all the way to 5500.
Overall not much has changed with the 5600 breach its almost certain we not going much higher now
we are below trend line supports at most we can go and retest them ie 5750 max ,I expect this sideways uppish move to happen for sometime before the next leg of down move starts .
Have labeled the nifty move .

Happy trading..


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