Monday 4 February 2013

Nifty : View for 05 February 2013 based on Technical Analysis

The EW fractals as I perceive could be counted as :


A 6112 - 6043 = 69


B 6043 - 6070 = -27
-39.1304
C 6070 - 5970 = 100
144.9275 (Projected)






























Fractals of C as an ED may be shaping up as :


Fractals of C





C.1 6070 - 6025 = 45

C.2 6025 - 6053 = -28
-62.2222
C.3 6053 - 5987 = 66
146.6667
C.4 5987 - 6038 = -51
-77.2727
C.5 6038 - 5972 = 66 146.6667






There are two wolves visible.  The one on the conservative side is targeting 6050 and one on the aggressive side is targeting 6100.  This could shape as a 3 wave form B at one degree higher, followed by C which could go below the low that would be made during the current fall (expectedly 5970)


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To see a detailed analysis, visit my notes on facebook.

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