New EW lables for Nifty ji

We have eventful developments in the past few days,

SMO SAR almost gave a BULLISH signal (was to be confirmed @ month close).

Then  Feb'12 month closed <5MnthHEMA @ 5383 & the BULL IMPULSE option fizzled out

Co-relating Monthly & Wkly Candles & DEMAs with EW,

I am @ PRESENT inclined to look @ the following EW count from 6339 as a IM DEGREE  CORRECTIVE ZZ with C as an Ending Diagonal

2.a	6339	5177	-1162
2.b	5177	5944	767	-66.0%	of a
2.c	5944	4338.116	-1605.88	138.2%	of a

IM DEGREE 2.C , may tgt : 4338 (138.2%), 4201 (150%) & 4000 (161.8%)

Within C

C.a	5944	4720	-1224
C.b	4720	5629	909	-74.3%
C.c	5629	4405	-1224	100.0%

NOTE: This EW musing is purely to satisfy Academic urges pls......Am done predicting, as far as TRADING GOES, only follow the TREND