NIFTY FUTURES ELLIOT LEVELS FOR TRADING 11TH JAN2010

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	5240	5257.19
Wave 2	5257.19	5246.57
Wave 3	5246.57	5268.44
Wave 4	5268.44	5254.93
Wave 5	5254.93	5282.74

Wave-5 Expansion will continue till 5290.31

Corrective Wave Pattern

Wave Name	Construction	Termination
Wave -A	5285	5257.19
Wave- B	5257.19	5274.38
Wave- C	5274.38	5252.52

Wave-c Expansion will continue till 5246.57

Current Price is In the Corrective Cycle.Currective cycle will Fail if price rise to 5262.5

Selling is Advisable at 5274.38 with stoploss 5285 for Target 5252.52