Dear friends,
Was not able to post y'day night because of some technical snags.
Had a fresh look at various probabilities after the previous Count got invalidated
My Preferred Count now is the one which has been inspired by my Friend Philosopher & Guide Sh RCG and appears at weavologic. Though I donot agree with his labelling of subwaves of A(no offence intended) but overall I believe that we are still in W4 having chalked out
A=4720-5169=449
B(a)=5169-4911=258
B(b)=4911-5168=257
B(c)=5168-4760=409(158% of B(a)
C in progress upwards.
On chart it can be seen as:
http://img832.imageshack.us/img832/4355/nifty2892011.jpg
Now this C has to be a 5 wave form with minimum target of C=0.618*A=278=5038
And its progress so far can be seen as:
http://img101.imageshack.us/img101/8888/nifty2dt2892011.jpg
Best of luck for today's trades.
Raghu
Hanumanji
Jai Hanuman Gyan Gun Sagar Jai Kapeesh Tihu Lok Ujaagar Ram Doot Atulita Baladhaama Anjani Putra Pavanasuta Naama
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