NIFTY – Last Close – 5072.85 [09-Aug-2011]
Ø The above daily wave chart indicates likely in Nifty.
Ø One more major fall is pending.
Ø As per present view the pullbacks are likely toward 5230 - 5323 levels and will not close above 5450.
Ø The pending major fall have the potential toward 4800 and more.
Ø Market is moving in line with our preferred wave expectation if any changes in the count we will update the alternate count.
Projected & Happened
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