Wednesday, September 28, 2011

Nifty, 10 Year Treasury Note, DOW Tranport Avg.

NIFTY Daily Chart

1 HR. Nifty Chart




 Nifty didn't touch 4700 levels but if u look on B wave of C wave it's looking like 5 wave pattern that means C wave may be completed . And now onwards i think price line should not go below previous low which is 4759 then  Breakout above recent high after falling pattern which will indicate for UPTREND.

10 Year Treasury Note
 After Breakdown below 130 levels it indicates 5 have pattern has been completed and now for onwards for ABC wave , so its ultimately effects on other markets for positive bias .

DOW Transport Avg.
Price line has been taken support near Fibonacci support line as i told before so at this time i think it should go for preparation for C wave which should in 5 wave for the uptrend

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