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Wednesday, August 29, 2012

Nifty Wave update

We are in right earnest into wave 4 of corrective wave C of the bigger diametric D.Wave C had commenced from June 04,at 4770. Levels of 5241 to 5273 should act as a big support for the current decline. "a of 4 "should probably be there somewhere.We still have a recovery leg, a minor b up and a c of 4 down.Price action has entered the Wave 2 region as can be seen from the chart.So far the Terminal Impulse has been acting up right on cue.  


2 comments:

Gann School of Trading said...

Hi Sir,

The levels of support are 5241 to 5273 as per chart...in write up they differ...

Regards

Kirtan Raut

Tekkiesuresh said...

Hi Kirtan Raut,
Thank you for pointing out the error. I have, since corrected the typo.

Warm Regards,

Suresh