Nifty - Elliott Wave Analysis

by Dean Market Profile on Wednesday, June 27, 2012 in Elliott Wave, Indices, Nifty

Nifty continues to be in the rut, courtesy strong uptrend in USDINR. Unless it pauses for a while we are unlikely to breakout from current levels. Though the squiggles are giving a chance to label them in a satisfactory manner, nothing can be relied on unless we breakout from this consolidation. We are hoping for a third wave it might either be a wave (3) of [3] of III, or a wave C, but whatever it may be it has to be sharp and dynamic. Keep your stop loss in place and sit tight.

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...

2 comments:

shrikant27 June 2012 at 21:58
Sir jii Tata Motors ke bare mai kuch batayee na ?

Shrikant
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Aniruddha Deshpande28 June 2012 at 15:40
I will take it up on Monday. Monday is the stocks day.
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Wednesday, June 27, 2012

Nifty - Elliott Wave Analysis

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