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06 August 2014: Nifty Elliott wave analysis: Nifty hourly chart is giving ‘ending diagonal pattern’. It may not find it easier to move above 7800 levels. A fall should come from near to 7800 levels. A brutal sell off coming!!!
05 August 2014: Nifty Elliott wave analysis: All eyes will be on RBI’s monetary policy review. Outcome will decide market trend. Based on chart, momentum will fail at top for bulls and bears may again enter!!! 7750-7725 will be stiff resistance!!!
04 August 2014: Nifty Elliott wave analysis: Nifty has 50 DMA support at 7574 levels. I must save before RBI’s monetary policy review tomorrow. If not then another round of heavy sell off is waiting for us. Key resistance = 7660+
01 August 2014: Nifty Elliott wave analysis: US market sell off came with confirmation of short term top on many global indices. NIFTY – immediate support at 7660. If breaks then Friday may end at 7600 too.
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