Monday, January 14, 2013

NIfty is up again!!!!


NIfty was 72 points up yesterday and today as well opened positive and touched 6040.
What next???
Below is the elliott wave count of hourly nifty.


This post is continuation of  the previous 2 post.

NIfty look positive

Nifty support at 5940!!!


Now the last and final Sub wave 5 is on it way.
Resistance at 6040 as wave 3 high if 6040.
next tgt is 6100-112!!!
Support again will be 5940. (There can be possibility that this sub wave 5 can be extended wave as well.)

Regards
Rinkesh Jain

This is for educational purpose consult  your adviser before investing.

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