Thursday, November 25, 2010

Nifty outlook : Long term : as on 26th Nov 2010

Long term trend we are in Elliot wave 1-4. 4th wave is expected to complete in 5726 or 5372, which is above wave 1. If market falls below 5372, wave pattern would change.

Hence investors can buy in parts at 5726 and 5372. for an expected price targed of wave 5 at 6490 and 6683 possibly between 17th of December 2010 and 29th of April 2011.

Preplexed by the price numbers and exact dates : that is the speciality of Mr.Arasakesari, author of this wave study.

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