Sunday, May 29, 2011

Nifty-Elliotwave count



Nifty has completed the intermediary wave 2, marked in green @5177 and since then we are in Int Wave3.Third wave is always powerful and fast which creates maximum damage for the traders on the other side.
The potential targets with 1:1 ratio would be 6729 and 1:1.618 would take Nifty to 7688 in the coming weeks and months.

Happy trading


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