Tuesday, February 14, 2012

14th Feb 2012

New Conclusion:
New bottom will not likely to form during in 2012 and 6338 top should reach before Aug - Sept 2012…

……Elliott Wave studies.

Elliott Wave Analysis for Nifty Cash:
Large trend Unfold:
Major corrective phase will form in Flat patterns. Corrective major primary Wave 'b Upside is completed. Wave’ b is retraces upside to 99.5% of primary wave ‘a. Major primary wave’ b was completed, as the minimum correction of primary wave ‘c retraced 38.2% of Wave’ a achieved, from the top of wave’ b on 26/8/2011. Conclusion is that primary wave' c will be the failure one and will not retrace the entire wave' b.
From the top of primary wave’ b at 6338, primary wave’ c downside touched 4588, which was@46% of wave ‘a and confirmed that primary wave ‘b was completed at 6338.
Primary wave ‘c started downside with terminal impulsion. To confirm wave ‘c terminal impulsion to complete, we want two stage confirmations.
1st stage confirmation has done. (2-4 line break within timeframe than it took to form by wave 5…Achieved)
In 2nd stage confirmation entire Terminal impulsion should retrace within 50 %( allows 100%) time than it took to form…i.e. in 146 days….within 1st Aug 2012...

# Perspective will change below 4695 levels #
Medium trend Unfold:
Inside Primary wave’ c, Intermediate Wave 5th downside has confirm to be completed, two stage confirmation requirements is achieved…..
1st stage is that 2-4 line should break within time frame than it took to form…which is achieved.
2nd stage confirmations, thrust after wave 5th should reached to levels of wave 4th 5318 within time 50% of wave 5th took to form….which also achieved.

# Perspective will change below 4695 levels #
Small Internal Patterns:
Thrust after intermediate wave 5th has reached at 5318 level before 20th February 2012 time wise…. Which confirming about intermediate wave 5th has completed.
Nifty moved upside in intermediate wave 1st … till reached at 5428...


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