Thursday, March 26, 2009

Nifty-The big picture..!!

The current week's move clearly out of the simple sloping down channel. More gains to be had in the coming weeks.
Volume based buying is being seen.
For Positional traders, no better time than this to go long, if not done earlier. That explains the slowly increasing April Premium.

I have reworked on the counts, looking at the overall bullishness..

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Elliot's Impulse waves.(Part-5)

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