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11 June 2014: Nifty Elliott wave analysis: Nifty formed ‘Hanging man pattern’ on daily chart. I still say, we are in the process of short term top formation. Key support will be at 7560, break will confirm the reversal.
10 June 2014: Nifty Elliott wave analysis: A short term top may come at 7680 < 7700 < 7720 levels. Reversal point for this rally will be at 7560 levels which is still little far from current levels. Do not buy in toppy zone.
09 June 2014: Nifty Elliott wave analysis: As long as Nifty is above 7560 we can hope for more rise. A move towards 7700 is also a possibility by early this week. Do not buy in volatile top if comes.
06 June 2014: Nifty Elliott wave analysis: In spite of gradual resistance, Nifty may move 40-50-60 points more before correcting. As long as it holds 7450, we have no reason to expect profit taking. Technical resistance – 7505-7563!!!
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