Nifty: EOD 02-03-2012

Opening above 5359 confirms Y.b

Update 10.25 AM

Positional shorts to be opened below 5309 only.
One can play for a swing 5311-5375 with SL at 5309.




Update 11.30 AM
Smallest degree waves have followed a different path but destination for Y.b has been tested.
Best time to accumulate shorts is 5378-5397.
SL for shorts to be at 5430. Target would be a Y.c=Y.a=162=5225 approx.

Pl use the trendline shown below for confirmation of break in upmove (as Y.b) and beginning of Y.c

2.30PM

or are they moving it like this?

EOD:
Lo ji,Nifty ki kahaani--waves ki zubaani ka aaj ka episode yaheen khatm hua.
As usual certain questions got answered and certain patterns remain un-explained.
Has Y.b really ended or making some combo pattern of Corrective waves?
Shall discuss these probabilities over the week-end.


Raghu