>Nifty pre market 29th april

Hi friends,
                   Friday trading witnessed some good selling in select stocks ,Mostly was result related profit booking or selling

Nifty as we see from  hourly chart is showing exhaustion,We could be in for a short term top
if nifty fails to go above Fridays high  ,Or below 5850 it would be a confirmation that
we have finished A wave.Lets see how nifty behaves today to further get confirmation on the
count.
Happy trading!!!

>Maruti elliott wave analysis

Hi friends,
                   Maruti today touches an important trendline resis ,The slanting upward contracting
structure looks like a ending diagonal or rising wedge not confirmed neatly as the inner structure
is not that clear keep an eye on this till 1720 is not crossed we are in for a prominent top .

>Nifty end of day 25th april

Hi friends,
                     Nifty continues to go up in a spiky fashion ,A characteristic of X waves

running as if no tomorrow.
The hourly chart shows a parallel
up channel yet to be violated look for a breach the early sign of weakness fib shows this can conquer 5980-6000

>NIFTY medium term ANALYSIS

Hi friends,
                   Taking further from my last post on nifty ,Had stated x wave is on which can target 5900-6000

Now this x can take many shapes we need to wait and see its structure ,Its almost reached trendline
resistance which is coinciding with 61.8%  (5870-5900) .Above that can target (5980-6000) 78.6%.
once this wave ends nifty can see lower levels ,Here i would like to make a brave statement we can go towards 5000 and lower levels.In wave terms i am equating this whole pattern from 2010 nov highs as a big abc structure with c being in initial stages of unfolding .This wave count stands wrong
if we scale a new high above 2010 nov highs.