>Nifty elliott wave counts

Turbulence galore!!!
In my last nifty post nifty analysis had mentioned about Y ending in 4700-4600 range
we reversed from 4700+-20 points,Had categorically written about a good relief rally .
We did see fantastic pullback(4700-5400)a three wave move suggesting another complex
corrective wave.The following chart shows that.
The first chart shows the 3 wave up X relief.The second chart is weekly which is showing the
expected abc unfolding over next few months,a can be finishing near 4700+-50
b can go back up to 5000+-50 the final c can go to 4500 levels if it stretches then 4200-4000.
The point to stress here is you see each abc retraced 60% of previous abc ,Which usually happens in complex corrections,That's the reason we are yet to see panic in Indian markets as the rises retracing the drops upto 60% and dropping again so a slow drop nevertheless lowertops continuously !!!!!!,Would update if market does something else.

RESEARCH REPORTS

>Mahindra and Mahindra elliottwave analysis

Auto sector has been not in sync with nifty few stocks are sideways ,Few are trending up
and few trending down .

M&M holds the highest weightage followed by tatamotors ,Bajaj auto , heromotoco and
maruti suzuki

I think this sector would peakout in some time and investors should book their profits in
this sector

M&M Looks to have finished 5 up on monthly charts or about to finish may kiss 850 once
Tatamotors is already in downtrend

on daily charts M&M wave count is labled on following chart followed by 5 up in monthly
chart
On daily chart we are in process of finishing some sort of B up here we could be making a triangle or a flat in any case a 25% correction is not ruled out from current levels .

lets see how this sector behave in coming months can update accordingly .
RESEARCH REPORTS

>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.
RESEARCH REPORTS