Nifty Weekly Chart Report 7 July 2012: -
Nifty future currently @ 5286
* Nifty is into the B Wave correction in upward direction and correcting the Down rally from High 6341 to Low 4534.
* On the movement of B wave, it looks nifty is already completed the wave a & b and we are currently into the final leg of c wave.
* As per the chart, we are getting the target below.
* as per the projection by ab wave, target will be 5849.
* as per the C wave internal 123 Fibo level, target will be 5870.
* as per the Fibo time/price wise, target will be 5820 on 29 Sept 2012.