Nifty - Elliott Wave Analysis

by Dean Market Profile on Thursday, June 28, 2012 in Elliott Wave, Indices, Nifty

Nifty has not done anything yet to dislodge our count, but we cannot bank on it. USDINR has more room on the upside, which may translate into a fall on Nifty. I reiterate once again that 4900 is the decider, till then we can expect the up move to resume any time. The patterns on momentum indicators mentioned in last post are still valid. Attaching the daily chart below.

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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Thursday, June 28, 2012

Nifty - Elliott Wave Analysis

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