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Elliott Wave Financial Price Forecasting

India-CNX Nifty 50 – top is in?

by m.tamosauskas| February 21, 2013 | 4 Comments

The current rally from 5853.90 is labelled as the 2nd within an ongoing five wave impulse decline that began from the Jan.’13 high of 6111.80. Short-term upside resistance is measured to 6012.25 basis a fib. 61.8% retracement. A reversal from there would confirm downside continuation during the next several weeks, with unchanged targets towards 4920.50. <b>This forecast is revised above 6111.80.</b>

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(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

Category: India-CNX Nifty 50

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