Nifty - Technical Update

by Dean Market Profile on Monday, May 27, 2013 in Elliott Wave, Indices, Nifty, Updates

Prices broke down from the lower channel line of a broadening triangle.
Now pulling back, the interesting thing to watch is whether prices find resistance at the lower channel boundary.
A nice reward to risk short trade can be taken here, with SL above the lower channel boundary.
If prices find resistance then we are in for even lower prices.

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, May 27, 2013

Nifty - Technical Update

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