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21 May 2014: Nifty Elliott wave analysis: I still feel that consolidation will continue for now. Technical support will be at 7240 and resistance will be at 7325. Be cautious from long position on newer momentum stocks.
20 May 2014: Nifty Elliott wave analysis: Consolidate likely to continue. Technical resistance will be at 7325 and support in the range of 7130 to 7080. Do not jump at higher levels. It may be dull day after higher opening.
19 May 2014: Nifty Elliott wave analysis: Even is over but bullish hangover will continue with consolidation. Technical resistance will be at 7325 and support in the range of 7130 to 7080. Do not jump at higher levels.
16 May 2014: Nifty Elliott wave analysis: Decision day of Indian economy finally came. Keep your figure crosses and pray for result as we expected. If this happens in market favour then we may have another massive up leg. Do not make technical levels.
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