Tuesday, June 26, 2012

Go Down Nifty ?

Nifty took support as usual near 5090. Now the fall has confirmed that we are in Wave C, hence we need to fall from here. Today we have completed C(1) and a possible retrace upto 5145 / 5156 & 5173 for C(2) for tomorrow. If this count is right then Nifty should fall from here for C(3). As I said Yesterday if A=C means Nifty should fall atleast upto 5040 or below that level.

All these Counts are Invalid if Nifty trades above 5190, and the Alternative Scenario will come into force as I have marked Yesterday. Please Refer Yesterday Chart for the Alternative counts.