MY ANALYSIS

Tuesday, 10 January 2012

wave count in nifty



As per my previous post, nifty is moving in channel. And it taken resistance in the range of 4855-4850. If it will respect that level then farther move will start, that is 3rd wave. if it break that channel line then next resistance level to nifty is 4883 - 61% of febbc level of wave 2(i)


Another thing is still gap have ti fill which is at 4920 and this level is also nearly to the  76% of  febbc level of wave 2(i)  


please refer last two posts.