NeoWave Analysis of Nifty cash Daily wave chart Date : 21st June, 2014

Conclusions: 

1. The Nifty cash seems to be unfolding “1st wave extended Terminal Impulse” pattern. 

2. The wave 1 is a corrective pattern since there are five touch points on opposite trend 
lines. The wave 2 seems to be Diametric. The wave 3 is perfectly channeled indicating 
again a corrective pattern. 

3. Currently, the Nifty cash may be in wave c of 4, which may be the part of a Flat or a 
Triangle. The wave c itself seems to be Contracting Triangle or Terminal Impulse. 

4. Wave 4 is very near to its completion OR may have already completed. The completion 
of wave 4 will make Nifty cash to move up reaching above earlier all time high of 
7700.05 

5. The wave 5 of “1st wave extended Terminal Impulse” pattern always breaks above 1-3 
trend line and hence the minimum target is above 1-3 trend line. The maximum level till 
which the index can move up is 7944. 

6. One can go long on breach of 7570 with stop loss below 7485 for minimum target of 
7785 in next 5-8 days.

nitin sir

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!