AUTOMATED TRADING

AUTOMATED TRADING

19 November 2013

ELLIOTT WAVE POSSIBLE SHORT TERM MOVE

ELLIOTT WAVE POSSIBLE SHORT TERM MOVE

Here i am posting three possible Elliott wave count for short term perspective. Market fell consecutive 8 days in previous week but we have not seen any sharp downfall of 100 or more than 100 points. But nifty recovered up to 61.8% retracement level in just two days indicating that upside momentum is very strong.
Any move above 6260 will force nifty to jump upto 6500 level very sharply. Untill unless nifty break 6110 level towards downside my very short term view will be positive. 
As per Elliott wave perspective short term view is very doubtful. Chart no 2 possibilities are very much.
Click on chart for its larger view.
CHART 1

CHART 2

CHART 3 MONTHLY CHART







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