09 May 2011

Nifty Exclusive @ 09-May-2011

Ø      Expect Minor Pullback.

Ø      The above weekly wave chart indicates a counter trend minor pullback in Nifty.

Ø      One can expect 100 – 140 points upside from here which is counter trend view.

Ø      As we projected earlier the c of (b) ended below 5950(Close) and the (c) started moving toward 4900. Up to now we caught almost 440 points in Nifty.

Ø      Market is moving in line with our preferred wave expectation if any changes in the count we will update the alternate count.     

Our Earlier Nifty Charts:
Projected & Happened : 


Projected & Happened :




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