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Alpha India Indices – Sector Jiseki Cycles Special
Orpheus Capitals, Feb 2011, Pages: 13
Sector Jiseki cycles special Nifty. As prices reach key supports near 5,350 levels, the Jiseki cycles remain negative with no sign of reversal yet. We expect the (iii)/(c) wave down to complete near respective supports and a fourth wave bounce back from here. However, a clear break below 5,350 would suggest an extending third wave down which could push lower till previous lows near 4,800.
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