NIFTY FUTURES ELLIOT LEVELS FOR TRADING 29TH 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	5136.4	5164.5
Wave 2	5164.5	5147.14
Wave 3	5147.14	5182.88
Wave 4	5182.88	5160.79
Wave 5	5160.79	5206.25

Wave-5 Expansion will continue till 5218.61

Corrective Wave Pattern

Wave Name	Construction	Termination
Wave -A	5209.95	5164.5
Wave- B	5164.5	5192.59
Wave- C	5192.59	5156.86

Wave-c Expansion will continue till 5147.14

Current Price is In the Impulsive Cycle . Impusive cycle will Fail if price fall to 5173.175

Buying is Advisable at 5164.5 with stoploss 5147.14 for Target 5206.25