Nifty - Elliott Wave Analysis

by Dean Market Profile on Monday, March 04, 2013 in Elliott Wave, Indices, Nifty

We might get some support in the 5600 - 5500 zone, this might be the last hope for medium term bulls.
But if we break that level, the wave C down will get confirmed.
Right now the fall is looking very sharp, and a bounce if is in 3 waves, should be used to reinforce short positions.

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, March 04, 2013

Nifty - Elliott Wave Analysis

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