NIFTY FUTURES ELLIOT LEVELS FOR TRADING 08TH 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	5245.15	5263.43
Wave 2	5263.43	5252.13
Wave 3	5252.13	5275.38
Wave 4	5275.38	5261.01
Wave 5	5261.01	5290.58

Wave-5 Expansion will continue till 5298.63

Corrective Wave Pattern

Wave Name	Construction	Termination
Wave -A	5293	5263.43
Wave- B	5263.43	5281.71
Wave- C	5281.71	5258.46

Wave-c Expansion will continue till 5252.14

Current Price is In the Corrective Cycle.Currective cycle will Fail if price rise to 5269.075

Selling is Advisable at 5281.71 with stoploss 5293 for Target 5258.46