ELLIOT WAVE ANALYSIS FOR NIFTY 03.04.07

LLIOTT WAVE ANALYSIS OF NIFTYA WAVE 2 RALLY!! Shud definitely be short lived! Nifty today rallied up to complete either wave 2 corrective of the fall yesterday or just wave 'a' of the corrective. Eitherways, This corrective has to be followed by another corrective wave taking Nifty down once again to 3620 levels or by an impulsive wave taking Nifty towards 3550 levels. Whichever wave unfolds, Does not matter at the moment. We appear all set to see a bearish Nifty tomorrow to add to the confusion between the bulls and the bears. Targets for Nifty from here stand at 3640 - 3602-3570 levels. Go short on Nifty with a stop loss of 3737