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14 September 2012: Nifty Elliott wave analysis: It is going to be second gap up within past eight days. 5449 will cross in Gap up to generate the target at 5526. It is ‘reverse H&S’ target which has generated in the last month of trades.
12 September 2012: Nifty Elliott wave analysis: It is sustaining above 5378 and hence higher targets are applicable. It may try to move towards 5449 if sustain above 5400 levels. As it is dictated by optimism so the out come of those optimism will drive market trend.
11 September 2012: Nifty Elliott wave analysis: It is suggesting me for stiff resistance even at 5378 < 5400. Break below 5340 will trigger selling. Do not even try to buy any single PSU Banks (or any banks). Some banks might have to digest the poison of coalgate scam.
10 September 2012: Nifty Elliott wave analysis: Current rise will not sustain for long time. It has stiff resistance at 5400 levels. I am expecting retest of 5216 levels by this week.
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