WaveTrack International

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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Category: India-CNX Nifty 50

Comments

4 Responses to “India-CNX Nifty 50 – top is in?”

  1. Praveen Vishnu Shamain
    February 21st, 2013 @ 8:23 am

    Thank You. 🙂

  2. divyaswaroopa financial servic
    May 13th, 2013 @ 4:51 am

    Could you pl review as 6111 is surpassed
    Thanks in advance

  3. Wavetrack International
    May 13th, 2013 @ 7:49 am

    We have changed our primary count couple of weeks before targeting 6384.10, but a minimum expectations have been bet with a higher high above 6111, so caution is needed at this point.

  4. divyaswaroopa financial servic
    May 15th, 2013 @ 7:30 am

    Thank u

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