Nifty - Elliott Wave Analysis.

by Dean Market Profile on Monday, March 19, 2012 in Elliott Wave, Indices, Nifty

Hourly EW Chart

Nifty did break the 5295 levels, which I had pointed out in my last post. Now the next support comes around 5225 - 5200 levels. Once through 5200 we will head for our final targets around 5080 - 5040 levels. Nifty's behavior should be watched at 5170 levels (bottom of wave [a] ), below this level we technically complete this correction. Shorts should be lightened below 5170.

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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Monday, March 19, 2012

Nifty - Elliott Wave Analysis.

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