>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 .

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>Top 10 debt ridden countries

With American debt becoming the talk of every economist lets look at it what it is in simple words.

Debt definition according to wilipedia
A debt is that which one party, the debtor, owes to a second party, the creditor; usually this refers to assets owed, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.

10 most indebted developed countries
Countries	Debt as % of GDP	Size of debt ( $ bn)
Japan	234	13,795
Greece	139	434
Italy	120	2,564
Iceland	108	16
Belgium	103	504
Ireland	102	220
USA	99	14,270
Singapore	95	254
France	88	2,365
Portugal	87	202

Source IMF, 2010.

The credit crunch brought this debt issue center stage,
In these financially gloomy times its every country priority to see how they can reduce their national debt .
In the past Americal FED came up with QE1 AND QE2
Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the national economy when conventional monetary policy has become ineffective. A central bank buys financial assets to inject a pre-determined quantity of money into the economy. This is distinguished from the more usual policy of buying or selling financial assets to keep market interest rates at a specified target value.

whispers are already heard about QE3 Coming ,will that happen or not we will know soon ,
If QE3 comes be ready to see short term liquidity flood in emerging markets whichin turn
should fuel inflation to them.
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>Nifty elliott wave counts

Hi Guys,
Nifty trading at a crucial juncture ,Both side big move possible.
The following chart shows the possibilities.If the fall from today's top remain shallow Yellow colour wave possible.
If the fall stretches deep then red color wave possible.
The shallow fall suggests after 1 up small 2 happening.
A deeper fall suggests a bigger abc underway.
Alook at individual heavyweights can give more hints about future direction of nifty.
SBI if holds 2925-2900 gives strength to yellow wave possibility.
Lets see how waves unfold
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>SBI Elliott wave analysis.

SBI has played a important role in Nifty rally post breaking out from sideways range.
Even in Index composition SBI comes next to only Reliance and ONGC .
Holds 5.19 in Nifty.

This stock after magnificent rally gaped down after bad results and have not looked back yet.
What could be next in store for it ,We will try to analyse in some time.

The fall from 3500+ levels was vicious and in a matter of days stock was hammered down to 3000 levels.The present structure i see in SBI post 3000 i can count only 3 waves in each leg
pointing to a triangle or wedge .

On daily chart a possibility of expanded flat is arising next few days of trade can throw more
bars on chart then i can analyse precizely.

Fresh short is not advised in stock at present levels Give stock some time.



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