Nifty :EOD 31.01.2012

First the Bird's eye view:

Now within this C4,I had mentioned yesterday:
Q
And todays move as
C4.A=5217-5077*=140
C4.B upwards to follow retracing 50-62% of this C4.A
C4.C=C4.A to come after that.
UnQ

And the C4.B upwards came upwards but didnot remain limited to 50-62% of C4.A and this is how it has moved so far:



Thus the upmove 5077-5215.4(labelled as C4.B) of today was a clear 3 wave move
5077-5157=80
5157-5128=29
5128-5215.4*=87

For an Expanded Flat,this C4.B can very well do upto 1.382*C4.A=193=5270
And this C4.B can,as a 3 wave, very well do 1.6*80=128=5256

So tomorrow,going up to 5256 is quite possible before we start downwards as C4.C

Raghu