A fibonacci arcs starting at point 5629 & extended up 4531 was imposed in the Nifty charts since July 2011. Notice that point 1 of the wolfe wave is situated on arcs 38.2%. Point 3 appears to be on imaginary arcs 50%. Line projected from point 4531 has lent supports lately.Target level for the ww bull is situated at/near the high of July 2011
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Gann Square based on Nifty =5053
Supports 5184 5148.06 5112.25 5076.56
Resistances 5220.06 5256.25 5292.56 5329
Supports 5184 5148.06 5112.25 5076.56
Resistances 5220.06 5256.25 5292.56 5329
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