NIFTY FUTURES ELLIOT LEVELS FOR TRADING 17TH 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	5004	5029.98
Wave 2	5029.98	5013.93
Wave 3	5013.93	5046.97
Wave 4	5046.97	5026.55
Wave 5	5026.55	5068.58

Wave-5 Expansion will continue till 5080.01

Corrective Wave Pattern

Wave Name	Construction	Termination
Wave -A	5072	5029.98
Wave- B	5029.98	5055.95
Wave- C	5055.95	5022.92

Wave-c Expansion will continue till 5013.93

Current Price is In the Impulsive Cycle . Impusive cycle will Fail if price fall to 5038

Buying is Advisable at 5029.98 with stoploss 5013.93 for Target 5068.58