Monday, January 4, 2010

Nifty intraday chart

Nifty Rolling Continous Futures 1 month.

30 Min charts

Refer commentary on chart.

It seems we have completed major wave action on top, and are looking at downside move. I would not be surprised if we gap down tomorrow. However, there is also chance of more sideways action tomo, considering wave v of the wave C turns out to be ending daigonal. Chart posted at end showing possible Ending Daigonal Structure

Ending Daigonal Scenario Chart:

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