Nifty - Elliott Wave Update

by Dean Market Profile on Thursday, July 25, 2013 in Elliott Wave, Indices, Nifty, Updates

1. The rising wedge is violated, and the first pause may come around 5800 - 5775.

2. Below this levels we may see even lower values.

3. There are multiple possibilities developing in the market and I will cover the big picture this Saturday.

4. For the time being the trend is clearly down, and the intensity warns us against treating this fall as just another retracement to the preceding uptrend.

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...

2 comments:

pintumadani25 July 2013 at 19:31
Dear sir, as my thinking nifty will be go for ABC and then down side for very big mandiiiiiii nothing else only on powers of elliottwave............
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pintumadani25 July 2013 at 19:32
Dear sir, as my thinking nifty will be go for ABC and then down side for very big mandiiiiiii nothing else only on powers of elliottwave............
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Thursday, July 25, 2013

Nifty - Elliott Wave Update

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