Nifty - Elliott Wave Update

by Dean Market Profile on Saturday, September 29, 2012 in Elliott Wave, Indices, Nifty, Updates

Nifty Daily

The area between 5740 - 5840 is critical for Nifty. If reversal occurs between this level, we may see sharp declines in Nifty in coming days. Above this level the upside may get stretched till 6300 odd 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...

4 comments:

shriram6 October 2012 at 15:07
Hi aniruddha.,

small obsv on the rise from Dec'11 lows

Lable given as w: 4531-5630 , but this looks impulsive & does not look a 3wave . may be thinking as ZZ ABC will be more beneficial...

or may be like wot i had prev said, if u can look @ 4728-5400-4531-5630 as an Expanded FLAT X.a wave.. then that also can fit in!

rgds
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Saturday, September 29, 2012

Nifty - Elliott Wave Update

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