NIFTY FUTURES ELLIOT LEVELS FOR TRADING 21st 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	4972.1	4989.63
Wave 2	4989.63	4978.79
Wave 3	4978.79	5001.09
Wave 4	5001.09	4987.31
Wave 5	4987.31	5015.68

Wave-5 Expansion will continue till 5023.4

Corrective Wave Pattern

Wave Name	Construction	Termination
Wave -A	5018	4989.63
Wave- B	4989.63	5007.16
Wave- C	5007.16	4984.86

Wave-c Expansion will continue till 4978.8

Current Price is In the Corrective Cycle.Corrective cycle will Fail if price rise to 4995.05

Selling is Advisable at 5007.16 with stoploss 5018 for Target 4984.86