Nifty: EOD 19-06-2012

Courtsey Chetas one major issue(diagonal) was resolved and about the other one(regarding labels),I have come back to same baby (after carefully & closely observing the alternatives):
A=4531-5629=1098
B retracing A as WXY:
W=5629-5136
X=5136-5378(ending at 5342)
Y=5342 downwards having done:
Ya=5342-4789=553
Yb=4789-5190=401
Yc started from 5190 and likely to do minimum 0.62*Ya=343 as a 5 wave form(impulse or diagonal)
Currently we seem to be struggling with 50DMA and trendline as below:

And finding resistance at previous support:

Yc1=5190-5041=149
Yc2=5041-5110* in progress and likely targets are 5133(62%) or maximum 5161.
Following two trendlines(one a parallel channel & the other sort of expanding triangle)also give us probable destinations of Yc2:

And I have a "projected" Yc ready with me(as a 5 wave Impulse)
Yc1=5190-5041=149
Yc2=5041-5133(62% retraced)
Yc3=5133-4890(162% of Yc1)
Yc4=4890-4982(38% of Yc3 retraced)
Yc5=4982-4833(=Yc1)

Tomorrow morning may see us completing Yc2 and starting Yc3 whose (i) would take us to 5025-5030 level.