Monday, May 20, 2013

Nifty - Elliott Wave Update

  1. Nifty is now in a precarious zone. I was hoping for a new high.
  2. But prices have completed the minimum requirement for an ED, and this pattern is usually followed by a sudden and abrupt reversals.
  3. The longs should be trailed with close stops, so long as we are not in an uncharted territory, once at an all time high, we can do nothing but follow the prices.
  4. Volumes are falling continuously, so traders and investors alike, should be on their toes.

No comments:

Post a Comment

...I am thrilled to learn what you think about this piece of content...