Google+ NIFTY CURRENT UPDATE 11-18-2010 ~ NIFTY DEMYSTIFIED

Thursday, November 18, 2010

NIFTY CURRENT UPDATE 11-18-2010

UPDATE 1:56 P.M (NF cmp 5989): FIRST POST WAS DONE AT BEST POSSIBLE TIME. 100 POINTS MOVE IN A FLASH. NOW LOW IS 5025... FIRST TOP 5959 SHOWN ON CHART. 2.618 EXTENSION OF (5959-5925=34 PTS) 1ST WAVE AMPLITUDE IS 89 (34*2.618). 5959+89=6048... HIGH MADE 6049.... SO 3RD COMPLETE. NOW IF 5959 HOLDS, 5TH TGT WILL BE (6049-5925)*.236 & .382 RESPECTIVELY. 6078-6097 POSSIBLE 5TH TGT AS PER INTRA ELLIOT AND FIBO.

5940-20 IS A VERY CRUCIAL ZONE, SHORTS MAY GET BOOKED TEMPORARILY. 5870-50 BELOW THAT THOUGH.

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