Nifty view for 08-07-2013

Currently Nifty is retracing the down move 6229-5566 as wave B. Earlier i was of opinion as the momentum is slow i am inclining as ABC rather than WXY...

Updated counts as follows:

A: 6229.45 5566.25 663.20

B: 5566.25 5904.35 -338.10 -0.510 *A so far

Sub wave of B as follows:

B.a. 5566.25 5904.35 338.10
B.b.a 5904.35 5760.55 -143.80
B.b.b 5760.55 Max 5960 at worst case 

Then B.b.c will take to rising green line as shown in coming days then B.c will follow.....