NIFTY FUTURES ELLIOT LEVELS FOR TRADING 04TH 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	5201	5215.52
Wave 2	5215.52	5206.55
Wave 3	5206.55	5225.01
Wave 4	5225.01	5213.6
Wave 5	5213.6	5237.09

Wave-5 Expansion will continue till 5243.48

Corrective Wave Pattern

Wave Name	Construction	Termination
Wave -A	5239	5215.52
Wave- B	5215.52	5230.03
Wave- C	5230.03	5211.57

Wave-c Expansion will continue till 5206.55

Current Price is In the Corrective Cycle.Currective cycle will Fail if price rise to 5220

Selling is Advisable at 5230.03 with stoploss 5239 for Target 5211.57