Wednesday, June 13, 2012

Looks like Nifty is heading up in 3rd wave

Staying above 5 Day EMA at 5050 is key for the up move. Also now it is entering into a strong resistance territory until 5190 level. Crossing all of them will be super bullish for Nifty. Until then maneuvering the sail is crucial for the success.

Will capture more details about Heikin Ashi candle chart and trading guidelines next time.

Nifty Elliott wave analysis chart for hourly :


Nifty Elliott Wave analysis for 5 min data:


Nifty key levels & pivot tables:


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