Thursday, February 13, 2014

Nifty elliottwave counts

Hi friends,
                   I had been telling about this move for some time ,Below 6080 it was evident
As mentioned in previous posts Nifty structure and Nifty technicals.
Now the present situation we finished WXY ie a double zigzag correction.
Lets look at the chart.
Nifty elliottwave counts
My reading says if we reverse
before 5965 itself we have
a chance to retest 6100
if we go below 5965 we would
have a lower top.Ideally i would
see tomorrows move to fine
tune my reversal levels.
Most banking stocks got badly
hit today.
Lets see how nifty performs



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