Friday, July 20, 2012

Nifty Elliott Wave update for the end of day 20-07-2012

Nifty Elliott wave count - Has it completed 5th wave of 'C'?
It looks like it was a truncated 5th wave in c and market is yet to find a start upwards.

Or
Is it developing like an ending diagonal and has completed a-b-c. wave d is int eh forming and wave e will take a dip to 5192 range and then commence upward move next week?

5 min chart:

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