Banknifty, has some more downside left!

by Dean Market Profile on Tuesday, August 28, 2012 in Banknifty, Elliott Wave, Indices

Hourly Chart

Banknifty is tanking towards the support zone pointed by us. This move is expected to be an impulse. We may get some consolidation here, and then take the last plunge towards the target zone marked in pink on the chart below.

4 Hourly Chart

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, August 28, 2012

Banknifty, has some more downside left!

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