Friday, November 30, 2012

Nifty Astro Technicals for November 30, 2012

In a swift development over two days, Nifty just took off....into fifth wave of the fourth. As we see the modified structure now,G wave  went through a failure, as it looks now and we are on to the final impulse wave of this ABC formation from December 20, 2011.
On November 20, 2012, Nifty made a bottom of 5549 and then rallied 89 points as the first leg of wave 05. That was 89 points. The current rise from November 23, is  the third wave and it has risen 194 points so far, from 5636.2.618 times 89 is 233. This corresponds to 5869. This is the first level to watch.

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