Monday, October 25, 2010

Nifty Future--25-oct-10 EOD and for 26-oct-10

It is not looks like any fresh 1 to 5 wave's. Movement was not sharp up side, rather movement was mixed with up and down side.
This can be simple zig-zag corrective "B" wave or irregular "B" wave.

1. Can take "B" complete today and starts "C" unfolding down side. I think if nifty future fall below 6080 and stay there for 45 minutes, then It can go down side towards 6002-5980-5945.

2. For zig-zag "B", first it can come down to 6102 level and then go up side towards 6187-6192-6222.

3. For irregular "B" , it can also come down to 6102 level and then go up side for new high.


As of now these possibilities are playing in my mind.

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