Wednesday, August 8, 2012

Nifty Elliott Wave intra day update for 08-08-2012


Nifty seems to have complete a 5th wave at 5376.45. This could be the end of wave c [short of equality target 5378 by 1.55 points] also almost at the hourly channel resistance area. We can also observe a mild negative divergence in the 9 RSI or 35 D chart.

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