Wednesday, May 23, 2012

Long term view on Nifty

I have predicted 4200 levels in Nifty ( possible wave count)... the wave which i predicted as C ( could be terminal impulse) actually seems to be wave X ( 5605)...the current fall from that levels could be new wave structure ( only applicable if 4500 gets hold)........but as per rule of Triangle,  "c" wave ( from 6338) have to retrace 50% of wave "B" which comes @ 4200-4300..(max its can fall @ 3600-3800)....

Over all, holding above 4680 will lead 5200 in coming days....After that it will fall back to 4200 levels in my view...

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