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Wednesday, August 17, 2011

#75 Nifty Update

Hey Guys just found a interesting pattern on Weekly chart of NIFTY. On 7th August I did plot a Long term Elliot wave. Now I have witnessed a smaller degree of Elliot wave property in Wave 2 as you can see in the pic. This means that NIFTY may take supports around 4800 then start shopping for long term as this will be the end of wave 2 with also is a end of extension of wave 2. Keep above mentioned levels in mind.. It might help you all for trading

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