Nifty - Last Close - 5128.20 [24-Jul-2012]
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The above weekly wave chart indicates that the
current falling leg may end around 5060 – 4990 levels in short term. To an
outer extent may test 4920 levels.
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We have completed “wave 2” or “wave B” and open
for “wave 3” or “wave C” in medium term, the 61.8% and 100% projected targets
of wave 3/C placed around 5450 – 5900 levels in the normal case. Extended
target comes around 6500.
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