I made this a "Fusion" chart : Ichimoku cloud graph suggesting break-up on friday, chikou span (LAGGING in Green) line crossing the price from the bottom which is a bullish signal,
In the right hand side chart , EWI has suggested for a down move (initially)
http://www.elliotwaveindia.com/2011/12/nifty-big-picture.html
even though stating "To me CORRECTIONS LOOKS FINISHED !"
Raghu's W1, W2 etc had been marked appropriately with his suggested W3 going up arrow-wise
http://ewcountsatniftyparadox.blogspot.com/2011/12/nifty-eod-5122011.html
Jonak's, however, suggesting a "shorting opportunity" based on observation of bollinger bands (in the instant chart middle brown line of Bollinger) has crossed friday's white candle, in partial endorsement's of EWI view
http://markettechnicals-jonak.blogspot.com/2011/12/nifty-short-opportunity.html
What is in store for us shall be unfold rest of the week.
