NIFTY FUTURES ELLIOT LEVELS FOR TRADING 22ND 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	4937.15	4959.48
Wave 2	4959.48	4945.68
Wave 3	4945.68	4974.08
Wave 4	4974.08	4956.53
Wave 5	4956.53	4992.66

Wave-5 Expansion will continue till 5002.48

Corrective Wave Pattern

Wave Name	Construction	Termination
Wave -A	4995.6	4959.48
Wave- B	4959.48	4981.8
Wave- C	4981.8	4953.4

Wave-c Expansion will continue till 4945.68

Current Price is In the Corrective Cycle.Corrective cycle will Fail if price rise to 4966.375

Selling is Advisable at 4981.8 with stoploss 4995.6 for Target 4953.4