Nifty - Elliott Wave Analysis.

by Dean Market Profile on Wednesday, February 29, 2012 in Elliott Wave, Indices, Nifty

Hourly EW

Nifty opened gap up today, but wore off through the day. This might give additional support to our DZZ argument. We may form the second leg of the DZZ and may target 5200 - 5100 area, to complete wave II. For this we have to stay below the high made today at 5458.60 and take out the low of 5268.35 as soon as possible.

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...

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Wednesday, February 29, 2012

Nifty - Elliott Wave Analysis.

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