NIFTY FUTURES ELLIOT LEVELS FOR TRADING 05TH 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	5210	5224.13
Wave 2	5224.13	5215.4
Wave 3	5215.4	5233.38
Wave 4	5233.38	5222.27
Wave 5	5222.27	5245.14

Wave-5 Expansion will continue till 5251.36

Corrective Wave Pattern

Wave Name	Construction	Termination
Wave -A	5247	5224.13
Wave- B	5224.13	5238.26
Wave- C	5238.26	5220.29

Wave-c Expansion will continue till 5215.4

Current Price is In the Impulsive Cycle . Impusive cycle will Fail if price fall to 5228.5

Buying is Advisable at 5224.13 with stoploss 5215.4 for Target 5245.14