Wednesday, September 30, 2009

Nifty Premarket View

As long as 4980 holds for the day, Nifty may attempt to move above 5020, 5035. However, break of 4980 may lead to some short term weakness only. Trade another narrow swinging day. The action may be reserved for the afternoon session with "Half year end-Propping up or redemption pressures"..

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Elliot's Impulse waves.(Part-5)

IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....