Thursday, April 26, 2012

Nifty - Elliott Wave Analysis

The minimum requirement for this corrective pattern to complete is 5135. But if we go by the triangle in wave [b]/[y] interpretation then we may see even lower levels, around 4950 - 4920 range.We have broken the b - d trend line which suggests that the triangle pattern may be completed. watch out for 5100 as critical support.

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