Nifty View for 31-05-13

Unexpected gap down spoiled the pattern and price tick prior high 6127 invalidated the labels of impulse down....

What is Nifty doing....

Bigger view:

BIG (A) (B) (C):

Only (B) alone:

Counts are as follows:

A 6127.2 6069.85 57.35
B.a 6069.85 6113.7 43.85
B.b 6113.7 6072.15 -41.55 -0.94*a
B.c 6072.15

Can do max 6149.08 when 1.382 *A..


B.c.i 6072.15 6103.3 31.15
B.c.ii 6103.3 6081.8 -21.5 -0.69*B.c.i
B.c.iii 6081.8 6132.6 50.8 1.63*B.c.iii

B.c.iii.i 6081.8 6101.6 19.8
B.c.iii.ii 6101.6 6089.3 -12.3
B.c.iii.iii 6089.3 6111.25 21.95 1.10*B.c.iii.i
B.c.iii.iv 6111.25 6088.9 -22.35
B.c.iii.v 6088.9 6132.6 43.7 2.20*B.c.iii.i

B.c.iv 6132.6 6113.7*  in play...


Upmove is restricted to levels of 6149.08 when 1.382 *A..
Allow +/- 5 pts as tolerance from 6149.08 so 6154...

After completing this pattern Nifty likely to do C which will take to levels of 5998-6056 in coming days....