Nifty, USDINR - Elliott Wave Analysis

by Dean Market Profile on Monday, August 06, 2012 in Currencies, Elliott Wave, Indices, Nifty, USD INR

Nifty 4 Hourly Chart

A few days earlier, I was expecting a down move in USDINR and an up move in Nifty. That is precisely what seems to be happening. We have a bullish I-II/[1]-[2] count on Nifty and {1}-{2} count on USDINR. Next confirmation comes around 54.85 on USDINR and 5345.35 on Nifty. Once again the sitting time has come!

USDINR 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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Monday, August 06, 2012

Nifty, USDINR - Elliott Wave Analysis

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