Tuesday, May 28, 2013

Resistance 6128

Dear All,

>>> Nifty - 2 Hour Chart <<<
>Click the chart to see on full screen<

Have some major changes on counts today as the Key level 6117 breached. Earlier have predicted the upmove as (iv)th wave, instead have marked as wave (b) and hence the Resistance might be 6128, if not crossed then possible to fall for wave (c) on the downside.

>>> Nifty - 5 Mins Chart <<<

>Click the chart to see on full screen<

Attached above is a 5 min chart marked with key sub waves to facilitate for ABC (3-3-5) pattern. Hence 6228 if not crossed then a possible fall upto 5890 and 5830 for Wave C coming.