Friday, August 27, 2010

Nifty: 27 Aug Intraday Update

Alternate Count: A break of Neckline at 5490, shall suggest a target of 5520 approx. With a possibel HnS and a retracement of about 80% for wave 2.

Preferred: Assuming wave 2 is complete at 5490 which retraced upto (iv) of 5 (38.2% retrace). Under that scenario we are wave of 1 of (3) down, with a target of 5346

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forex-cat said...

Good analysis.

Vivek Marne said...

thanks forex-cat.. :)

marketsinandout said...

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Anonymous said...

why there is no EW followup after 27th aug'10 on nifty SIR.
eagerly waiting for your update.

best regards.