Wednesday, February 23, 2011

NIFTY


After completed 5 wave pattern and A wave , now its turn to B wave which may be near 5350 levels but ultimately C wave should be near 5750/5800 levels in 2 weeks (if sustain above previous low 5170 levels ) once break lower levels then we will see more more bearish pattern as i think.

so according to --longerterm--bullish, mid term ----bearish, shortterm---bearish ( but bullish above 5600 levels tgt. 5800) but be careful near 5800 levels.

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