Tuesday, May 7, 2013

Nifty view for 08-05-2013

There are so many counts floating in my mind....

30 mins chart shows if black labels in play already completed wxy.. 6050 is the point of reversal..

Alternatively brown labels in play then short term correction to 5960-5950 then bounce above 6050 to finish abc...

Prevailing negative divergence in 30 mins between a/w and c/y conforms 'B' about to end...


Standalone basis from 5867 if i consider only y, then expanded flat b also probable (6056 need to be protected).. 
In this count b.c can bring nifty upto 5906 at 1.618*a...
If 6056 taken in tmrw bell ruling out expanded flat then Y.c in play which may do it ivth and v th leg as ED (as shown in 30 mins)....

Upmove seems 3wave from 5928....  

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