Tuesday, December 15, 2009

NIFTY FUTURES ELLIOT LEVELS FOR TRADING 16TH 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
5017.1
5058.32
Wave 2
5058.32
5032.85
Wave 3
5032.85
5085.28
Wave 4
5085.28
5052.88
Wave 5
5052.88
5119.57


Wave-5 Expansion will continue till 5137.71

Corrective Wave Pattern


Wave Name
Construction
Termination
Wave -A
5125
5058.32
Wave- B
5058.32
5099.53
Wave- C
5099.53
5047.11


Wave-c Expansion will continue till 5032.85


Current Price is In the Corrective Cycle.Currective cycle will Fail if price rise to 5071.05




Selling is Advisable at 5099.53 with stoploss 5125 for Target 5047.11





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