Monday, August 06, 2012

Nifty, USDINR - Elliott Wave Analysis

Nifty 4 Hourly Chart
A few days earlier, I was expecting a down move in USDINR and an up move in Nifty. That is precisely what seems to be happening. We have a bullish I-II/[1]-[2] count on Nifty and {1}-{2} count on USDINR. Next confirmation comes around 54.85 on USDINR and 5345.35 on Nifty. Once again the sitting time has come!
USDINR 4 Hourly Chart

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