NIFTY FUTURES ELLIOT LEVELS FOR TRADING 18TH 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	5008.3	5031.11
Wave 2	5031.11	5017.02
Wave 3	5017.02	5046.03
Wave 4	5046.03	5028.1
Wave 5	5028.1	5065

Wave-5 Expansion will continue till 5075.04

Corrective Wave Pattern

Wave Name	Construction	Termination
Wave -A	5068	5031.11
Wave- B	5031.11	5053.91
Wave- C	5053.91	5024.91

Wave-c Expansion will continue till 5017.02

Current Price is In the Corrective Cycle.Currective cycle will Fail if price rise to 5038.15

Selling is Advisable at 5053.91 with stoploss 5068 for Target 5024.91