Wednesday, February 20, 2013

Nifty up move is corrective, major trend remains down – Don’t miss another BIG opportunity!!!


By Waves Strategy Advisors. For more information visit www.wavesstrategy.com. To subscribe to daily research report write to helpdesk@wavesstrategy.com or call on +91 9920422202.
Indian markets might be challenging from trading perspective and there are high chances to get carried away with News all around.
But for a technical analyst and Elliott wave follower markets have been moving exactly as expected.Read below to see yourself how we have been capturing each and every move on Nifty.
Nifty 60 mins chart:
Wave counts are purposely not shown as they are meant for our paid clients.
The following excerpt is picked up from daily Equity report published before markets open:
Nifty continued to protect the level of 5880 and made a low of 5883 on intraday. Prices were trading relatively flat for most part of the day but started showing strength during final hour of trading. Nifty managed to rally by more than 40 points during last half hour of trading and closed at day’s high.
Looking at the strength of up move, chances are high that Wave ….. is probably over at the low of …….. level and prices have started the upside correction which can go towards …….. However wave x are the points which are difficult to cross and so we can see some resistance coming near 5970 levels.
Nifty made a high of 5971 during opening hours today morning exactly near the first resistance we mentioned…..
There is more to it. We have shown high beta sector – NSE Midcap index as well in today’s morning report that simply shows what has happened to broader markets and what is expected over coming days…
Do not miss the next BIG opportunity in Indian Markets. The move down from 6110 to 5850 was just one leg of down move. More waves are left which can be sharp and fast. To know what are the important turning points and maximum level that Nifty can reach in current minor up move subscribe to the daily research report “The Financial Waves”
For more information write to us at helpdesk@wavesstrategy.com or call us on 9920422202.

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