Tuesday, March 20, 2012

Nifty - Elliott Wave Analysis.

10 Min EW Chart
Nifty is falling impulsively. The internal waves are developing beautifully. Now wave (3) has a target range around 5180 - 5170, just around the lows of wave [a]. Now all we have to do during an impulse phase is "sit tight". So we will do that, till this impulse phase is over. I am reiterating once again, shorts should be lightened around 5170 levels.

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