Following lines were told on 30-09-2012 in Minimum target of Nifty at 5869.15 from Elliot Wave Theory:-
"Firstly trading and next moves preparation between 5639-5735 in next week and should be firstly watched"
Nifty traded whole day today between between 5,694.00-5,720.40
Whole day slow up moves and no clear patterns formations in intraday charts to indicate next moves. Let market prepatre then next moves will be decided from intraday charts formations sustaining beyond 5639-5735 will be confirmation of correction continuation or rally beginning after correction completion.
"Firstly trading and next moves preparation between 5639-5735 in next week and should be firstly watched"
Nifty traded whole day today between between 5,694.00-5,720.40
Whole day slow up moves and no clear patterns formations in intraday charts to indicate next moves. Let market prepatre then next moves will be decided from intraday charts formations sustaining beyond 5639-5735 will be confirmation of correction continuation or rally beginning after correction completion.