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21 September 2012: Nifty Elliott wave analysis: I am repeating again for the support at 5525 levels. If it breaks then only we can hope for further fall. It is a twist between ‘reforms’ vs ‘stability’.
20 September 2012: Nifty Elliott wave analysis: It will take out support of 5584 in gap down. Break below 5525 will intensify the fall due to political heat. Final support for wave trend reversal is at 5449.
18 September 2012: Nifty Elliott wave analysis: Move came from 5215 to 5652 with more than 50% rise as gap up so consolidation required. Break below 5584 will give first sign of profit taking. Resistance will remains above 5652.
17 September 2012: Nifty Elliott wave analysis: It will be third gap up in nine days. This kind of gap up is too dangerous even for bulls. “The boosted reforms” by Dr. ManMohan Singh will push stock price higher. RBI monetary policy review and Political development will be more important today after opening.
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