Wednesday, July 25, 2012

Nifty Intraday Elliott wave update for 25-07-2012

Elliott wave count suggest that the fifth wave of C is over at the bottom 5076.60. This is also confirmed by the RSI divergence that we see in the cart. However a move past 5095 decisively or a close above 5090 by 1 pm can give more confirmation for us.

Elliott wave count on 5 min chart





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