Wednesday, June 27, 2012

Nifty - Elliott Wave Analysis

Nifty continues to be in the rut, courtesy strong uptrend in USDINR. Unless it pauses for a while we are unlikely to breakout from current levels. Though the squiggles are giving a chance to label them in a satisfactory manner, nothing can be relied on unless we breakout from this consolidation. We are hoping for a third wave it might either be a wave (3) of [3] of III, or a wave C, but whatever it may be it has to be sharp and dynamic. Keep your stop loss in place and sit tight.


  1. Sir jii Tata Motors ke bare mai kuch batayee na ?


    1. Here is the link for the analysis you wanted

  2. I will take it up on Monday. Monday is the stocks day.


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