Nifty - Elliott Wave Analysis.

by Dean Market Profile on Tuesday, March 20, 2012 in Elliott Wave, Indices, Nifty

10 Min EW Chart

Nifty is falling impulsively. The internal waves are developing beautifully. Now wave (3) has a target range around 5180 - 5170, just around the lows of wave [a]. Now all we have to do during an impulse phase is "sit tight". So we will do that, till this impulse phase is over. I am reiterating once again, shorts should be lightened around 5170 levels.

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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Tuesday, March 20, 2012

Nifty - Elliott Wave Analysis.

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