Sunday, December 8, 2013

NIFTY ELLIOTT WAVE UPDATE




PREFER-ED WAVE COUNT- WAVE 5 NEAR AN END OF IMPULSE.

CURRENT TREND- UP

CURRENT WAVE NOTE- WAVE 5 CAN BE DIAGONAL,TRUNCATED (FAIL),NOT EXTENDED BECAUSE WAVE 3 IS EXTENDED

NEXT WAVE POSSIBILITY- WAVE A

FIBONACCI LEVEL FOR NEXT WAVE- STILL DEGREE OF IMPULSE IS NOT COMPLETE ANY MOVEMENT BELOW 6150 WILL CONFIRM WAVE 5 CYCLE IS OVER AN WAVE IS IN CORRECTIVE MODE.

TREND-LINE- PARALLEL LINE IS TO WATCH OUT.

SHORT SUMMARY- DURING DAY TRADE ANY MOVEMENT BELOW 6250 WILL TRADE IN BEAR SIDE.

# ALTERNATIVE WAVE LABELING IS NOT MENTION ABOVE.

FOR QUICK UPDATE LIKE US ON - https://www.facebook.com/NiftyElliottWave
TO STAY UPDATED.


2 comments:

Ritu sharma said...

Today NIFTY open at 633.70 with the loss of -5.11 (-0.80%) point.So can you tell me the trend of market for this share price
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