Wednesday, January 18, 2012

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Nifty resisted today, need some more downside before resuming uptrend!

by Dean Market Profile on Wednesday, January 18, 2012 in Elliott Wave, Indices, Nifty

Nifty meandered today at yesterdays levels, but closed down. If the top is in place for the short term then we should correct from here, to 4865 levels. Both the counts presented today (refer link above) call for a correction. So I expect prices to come down form here, and then we will take from there.

About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

1 comment:

abhinav20 January 2012 at 12:48
aniruddha ji, aur kitni teji karwaoge....ab to nifty ko girwao....
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Wednesday, January 18, 2012

Nifty resisted today, need some more downside before resuming uptrend!

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