NIFTY FUTURES ELLIOT LEVELS FOR TRADING 15TH DEC 09

Hi friends, giving elliot levels for you all, but these are not my recommendations, my levels are giving for paid members in paid blog :-

Impulsive Wave Pattern

Wave Name	Construction	Termination
Wave 1	5091.55	5120.43
Wave 2	5120.43	5102.58
Wave 3	5102.58	5139.31
Wave 4	5139.31	5116.61
Wave 5	5116.61	5163.34

Wave-5 Expansion will continue till 5176.05

Corrective Wave Pattern

Wave Name	Construction	Termination
Wave -A	5167.15	5120.43
Wave- B	5120.43	5149.3
Wave- C	5149.3	5112.57

Wave-c Expansion will continue till 5102.58

Current Price is In the Corrective Cycle.Currective cycle will Fail if price rise to 5129.35

Selling is Advisable at 5149.3 with stoploss 5167.15 for Target 5112.57