NIFTY FUTURES ELLIOT LEVELS FOR TRADING 31ST 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
| 5155
| 5171.69
|
Wave 2
| 5171.69
| 5161.37
|
Wave 3
| 5161.37
| 5182.6
|
Wave 4
| 5182.6
| 5169.48
|
Wave 5
| 5169.48
| 5196.49
|
Wave-5 Expansion will continue till 5203.84
Corrective Wave Pattern
Wave Name
| Construction
| Termination
|
Wave -A
| 5198.7
| 5171.69
|
Wave- B
| 5171.69
| 5188.38
|
Wave- C
| 5188.38
| 5167.15
|
Wave-c Expansion will continue till 5161.38
Current Price is In the Corrective Cycle.Currective cycle will Fail if price rise to 5176.85
Selling is Advisable at 5188.38 with stoploss 5198.7 for Target 5167.15
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