Nifty Spot EOD 20th Feb, 2014

Price movement confirmed as anticipated  yesterday. We are into d -leg of the upward B-leg of X-wave in the form of a diametric. Price has also confirmed by closing below 6125. Now d-leg of diametric is the most complex leg normally. The diametric can be bow-tie or diamond. If Diamond prices may move towards 6020 else price may get support near 6070 level and return back close to the earlier high and may again fall towards 6100 one more time. Let use see.