Nifty 17 December Onwards..

Nifty on weekly chart -
If it manages to stay above 10940 and MACD crossover zero, then NS may target 11500+. 10525 is support for further up move.

On daily chart 5/62 EMA crossover has already happened and MACD is above zero.If 5EMA manage to stay above 62, further upmove possible.  Above 10940 price will cross upper bollinger band.

On hourly chart, 10770-10820 is the range. Moving above/below it will start new direction(intraday).

Nifty/BankNifty - 29-10-2018

Nifty wave counts-

1. 11760-11250
2. 11250-11347
3. 11347-10139
4. 10139-10710
5. 10710--9960??

5.1. 10710-10250 =460
5.2. 10250-10367=117
5.3. 10367-10005=362
5.4. 10005--10114/10181/10235/10289(should be less than 10250)
5.5. 102xx--9960??

Take long position on monday morning(with gap up) and look for short near 10220+/- with 10250 stop loss. If Nifty cross 10250(and stays above 10221) then probably 5th is done at 10005 and 'B' wave is started for 10500/800.



BankNifty wave counts -

1. 28387-27137
2. 27137-27206
3. 27206-24245
4. 24245-25903
5. 25903--24881/24320/23830

5.1. 25903-24928=975
5.2. 24928-25355=427
5.3. 25355-24360=995
5.4. 24360--24595/24740/24858/24975(should be below 24928)
5.5. ~24850--24500/24270/24080

Nifty/BankNifty - Long term view

BankNifty weekly -

5EMA crossed 62EMA and closed at 24421. Last time this crossover happened back in September 2015 and BN fall appx 3200 points(20%- 17000-13800). For first 3 weeks it tried to recover, price closed above 62 EMA but EMA's crossover didn't happen(on upside). Then it start it downward journey to 13800 and downfall lasts for appx 15 weeks.

So if BN follows same pattern this time as well then it may bounce from here till second or third week of November'18 and then will start falling(if 5EMA cross didn't happen on upside) till 20200. Stochastic already below 20 and MACD entering in to negative territory after a long time and if November bounce didn't sustain and fail to bring MACD back above zero, possibility of downfall is high. This downfall can last till March'2019.

Nifty weekly -

Same is the story with Nifty as well, last time it falls 10-12%. This time if it fails to make a comeback(and stays above 10500-10800), it may goes down till 9100.

Nifty/BankNifty - 10/10/2018

Nifty - possible H&S failure. If Nifty breaks 10280 enter short with appropriate stop loss. H&S failure target is 10080.

Banknifty if traded below 24510 enter short with appropriate stop loss. Long above 24621

Nifty/BAnkNifty - 09/10/2018

In hourly chart there is positive divergence. W is formed, long above 10390, short below 10260.

In hourly BsnkNifty chart W is formed(24630 upper range) but its coming down after touching upper trendline(24723).
Long above 24700, SL 24630. Short below 24620.

Nifty/BankNifty - 08/10/2018

Nifty/BankNifty - 04/10/2018

Enter long near 10820-10850, SL 10800. Or  long near 10915, SL 10900


1. 10823-11035=212
2. 11035-10844=189
3. 10844-->11106/11187

If third wave has to start, 10823 should not breach.

If BNS open below 25000, support will come near 24800. Can enter long near 24800, SL 24760.

Short below 25000, SL 25060

Nifty /BankNifty 03/10/2018

Nifty strong above 11045, if it stays above it enter long. SL 10990

BNS strong above 25400, SL 25300

Nifty/BankNifty 01/10/2018

Long above - 10970.At this level 5ema will cross 62 ema. Also price will move above uppper bollinger band.
Stop loss-1095 or 5 ema cross 62ema, whichever come first.

BN long above 25200, SL 25125. Aggressive long above 25150, SL 25090.
Short below 24980, SL 25015. If stays below 25000, it can go till 24000.

BNS strong above 25600, week below 25000
BNS may come near 25500+/- and fall(SL 25500). If move past 25600 then may move till 27000.
Low targets can be 24000+/- 

Nifty/BankNifty 17/09/2018

Long in Nifty above 11490-11500, STRICT stop loss - 11480. Resistance 11600-11630.

Short can be taken if  11480 is broken. In nifty move down it can fill the gap created on 14/09/2018. Support can come around 11400-11350 area.

BankNifty - Long above 27050, SL 26990. Target 27500+

BankNifty 10/09/2018

Looks like head and shoulder formation in process

Two possibilities -
1. H&S failure - BNS moved past 27447(right shoulder), so if it stays above 27500(last friday's high and  trendline as well) it can target 27447+300=27750 appx.
2. H&S target - If move past 27250 can target 27250-300=26950. Short can be initiated after break of 27350(last few hour support) and break of trend line 27380 appx.

Nifty/BankNifty counts

NS counts -

11341-11452=111
11452-11367=85
11367-11760=393(361.8%)
11760-11640=120
0-3=419
11640-->(11751 if 1=5)/11739(23.6%)/11800/11899(61.8%)

NS strong above 11710



BANKNIFTY -

1. 26062-27164=1102
2. 27164-26701
3. 26701-28363=1662(<161.8%)
4. 28363-27787=576
    0-3=2301
5. 27787-->28330/28666/29209

i.   27787-28387=600
ii.  28387-27942=445
iii. 27942-->28684/28913

BankNifty 28-08-2018

BankNifty levels -

27787-27894
27894-27802
27802-28317
28317-28241
28241-->28366/28444/28506/28569

Nifty 27-08-2018

More count on Nifty Spot -

10558-11072=514
11072-10936=136
10936-11390=454
11390-11341=49
11341-->(0-3=832)11537/11659/11855===>11795(MAX)

11341-11451=110
11451-11367=84
11367-11621=254
11621-->11561/11524(11532 done??)
11532-->(0-3=280) 10598/11639/11705/11821

On 27/08/2018 - NS trading above 11590, go for long; target 11650+
BNS - long above 27900, target 28455/28867

Nifty 20/08/2018

1. 6826-8969=2143
2. 8969-7894=1075
3. 7894-11172=3278(<161.8%)
4. 11172-9952=1120(>38.2%)
5. 9952-->11612(38.2%)/12125(50%)



I.   9952-10929=977
II.  10926-10558=368
III. 10558--->11535(100%)/11766(123.6%)/12139(161.8%)


head and shoulder pattern going to form on 20/08/2018??
if market opens with gapup and didn't cross 10490 shorts can be taken assuming it will create right shoulder. Sustaining below 11460, it can goes till 10430.
if NS doesn't goes below 11460 after gapup opening(and down move) then it may be H&S failure so longs can be taken after NS cross right shoulder high.
If gapup opening failed to sustain above 11490, it's a failre to cross UBB and it might come down

Go short near 11480(SL 11495), watch out 11460 level, if broken then more fall.
LONG above 11495(SL 11480); targets are 11535/11578

Nifty - 13-08-2018

Oscillators indicating some weakness that Nifty may fall for 150-200 points if sustain below 11375. In absence of breaking 11375, there are high chance of making another high between 11500-11550.

Sustenance above 11565 may bring faster rise of another 150-200 points and sustenance below 11375 may bring faster fall of 150-200 points so keep close eye upon these levels.

Every dip near 11370 will be buying opportunity 

NIFTY/BANKNIFTY -13-07-2018

Nifty -
I.    10558-10736=178
II.   10736-10605=131
III.  10605-11078=
IV.   11078-->10966(23.6%)/10897(38.2%)/10786(61.8%)

BankNifty -

1.   26070-26344=274
2.   26344-26121=223
3.   26121-27151=1030(~400%)
4.   27150-->26907(23.6%)/26757(38.2%)

Probable counts of irregular corrective

A.10930 to 10417
B.10417 -10893-10557-11033(if C equal A)

But today nifty broke abv 11033

So probably can move up towards 11130 to 11150

Then C can see fast downmove of 500 to 550 pts

From there another upmove shall start for 11550 to 11600 range 

B can do near 1.4xA

Nifty 12-07-2018

Nifty -

I.    10558-10736=178
II.   10736-10605=131
III.  10605-10977(~200% done?)/11003/11030/11071
IV.  10977-10889(23.6%)/10838(38.2)


Banknifty - watch 26730 and 26830(5EMA) levels to take trade

9952..10257..10562..10868..11172...sl will be 25 points below or above it..all numbers r close numbers...sls should be used strictly..this move has started from 10558.......

weakness at 938/895/888 - 888 breaks in NF bears in upper hand

Nifty 10-07-2018

1st possibility - NS will got up till 10860-70 and then start falling back
2nd possibility -NS will open gapup above 10860 and will go above 10900+

If open and stays above 10865, go long, SL 10845

Nifty 06-07-2018

Long above 10784 or near 10710, short below 10680

Banknifty -Long above 26600-26650 or if it come near to 26400 and hold there then enter long.
If break 26400 decisively then enter short near 26370 keeping 26400 as stop loss.

Nifty 02-07-2018

Sustaining above 10850 spot is a must for Upmove, inability to sustain above Friday's high(10722) can lead to more weakness

short below 10680, SL-10711
long above 10745, SL -10690

Banknifty -  Long above 26470, short below - 26320 ;; SL 26390 bor both long and short??

Nifty 29-06-2018

Nifty/BankNifty 27-06-2018

Nifty -

Long above 10800+, short below 10750

BankNifty -

Long above 26700, short below 26500

Nifty 13-06-2018

NS long above 10870, SL 10845. Short below 108430, SL 10845

Banknifty 12-06-2018

Long above 26608; Can enter short below 26550 or  short below 26460, resistance 26290-26330

NIFTY 11-05-2018

If NS open and trade above 10775 then it will go upto 10830-50 range, go LONG

If BankNifty trade above 26550, go LONG

BankNifty 08-06-2018

Nifty 31-05-2018

1st scenario - 

1st wave done(in 5 subwaves from 9952-10784). 2nd was a irregular(from 10784-10418) and 3rd is in progress as -
3.1  10418-10718 = 300
3.2  10718-10559 = 159
3.3  10559-->10859/10930/11044



2nd Scenario -

1st wave done at 10929
2nd wave is in progress as -
2.a 10929-10418=511
2.b 10418-10718(~ 61.8%)
2.c 10718-->10207/10086/10012

The range is 10559-10650, above/below it any of above scenario is possible.

BankNifty -

Long above 26400, short below 26000(aggressively 26160)

Nifty/Banknifty 29-05-2018

Nifty Levels -

10418-10519=101
10519-10452=67
10452-10710=258
10710-->10649/10611/10581/10551

BankNifty levels -
25550-25839=289
25839-25699=140
25699-26636=935
26636-->26415/26279/26168

Nifty for 21-05-2018

EW counts  -

A. 10784-10602=182
B. 10602-10929=327
C. 10929-->10565(200% of A)/10453(261.8% of A)
OR(hight of A-Hight of B)=145, then C --> 10457(10602-145)

C in 5 sub waves -
1. 10929-10700=229
2. 10700-10790=90(38.2%)
3. 10790--> 10561/10508/10419/10332

3rd may stop near 10565(+/- 10 points) or 10508 and then 4th may start upto 10685+/-
10508 may be a good level to enter long. SL 10480, next level is 10457

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Continue on above post::

If 3rd is done at 10507(123.2% of 1st wave) then possible targets for 4th wave are -
10507-->105073/10616/10683

Nifty 05/15/2018

Wave counts from 10929 -

1. 10929-10889=40
2. 10889-10915=26
3. 10915-10782=133 147(0-3)
4. 10782-10823=41(~38.2%)
5. 10823-->10783(=1),10767(38.2%),10732(61.8%),10707(78.6%)

If this is an irregular wave, then

A.10785 to 10601
B.10601 to 10929
C.10929 running towards 10734-10677-10634

Nifty 05/07/2018

Not sure if current correction is wave 4 or an ABC after wave 5 but this correction is in the form of ABC. Below are counts as per my understanding -

'A' wave in 5 sub waves -
i. 10784-10718=66
ii. 10718-10770=52
iii. 10770-10648=122(appx. 200% of 'i')
iv. 10648-10708=60
v. 10708-->10602( 78.6% of i-iii, done already??)

Looking at global markets it looks like wave 'v' is done and a corrective wave 'B' will start on Monday.

Now wave 'B' will be of a three subwaves and will travels max 61.8% of 'A'(considering this is a zigzag correction as 'A' is made of 5 subwaves).

Length of 'A' is 182(10784-10602) points, so target for 'B' waves will be 10672(38.2%)/ 10715(61.8%). 10715 level can be used as stop loss and to enter long. If NS goes above 10715, i'll mark current correction as wave 4 and start of wave 5 from 10602 targeting 10950+/-

If 10715 doesn't break(and assuming 'B' finished near 10715) then 'C' wave may start in 5 subwaves targeting-10533(100% of 'A')/ 10463(138.2%)/10420(161.8%).

Nifty/BankNifty

BankNifty count -

A)
27652-23606=4046
B)
23606+2023=25629(50.0%)
23606+2500=26106(61.8%)
23606+2978=26584(73.6%)
23606+3180=26786(78.6%)

 res. @ 25850-950 & has a target of 26558.

Nifty for 26/02/2018

I)   10303-10427=124
II)  10427-10342=85
III) 10342 -10xxx (10590-200%, 10667-261.8%)

i)   10342-10394=52
ii)  10394-10343=51
iii)
10343+156=10499(300.0%)
10343+188=10531(361.8%)
10343+208=10551(400.0%)
10343+240=10583(461.8%)

If NS open with a gapup and reaches near 10551 or 10583(with out any correction) then look for its retrace of 23.6 or 38.2% and then enter long again

if iii) @10583 then iv) 10526 or 10491
if iii) @10551 then iv) 10502 or 10471

10450 is the SL for all longs

So 10500-10475 is a good level to enter long (10450 stop loss) for any correction near 10551/10583 for wave v) targeting 10590+
For any short near 10570/80, 10591 is SL.

Nifty for 21/02/2018

Probable counts -

i)   10618-10512=106
ii)  10512-10612=100
iii) 10612-10303=309
iv)  10303-10423=120
v)   10423- ?
10423-120=10303(38.2%)
10423-195=10228(61.8%)

Nifty can bounce tomorrow near 10400, this level can be used to enter short, SL for short would be 10435.

Nifty for 20/02/2018

i)   10618-10512=106
ii)  10512-10612=100
iii) 10612-10303=309

iv)

10303+118=10421(38.2%) sl will be 10441
10303+191=10494(61.8%)

Nifty for 19/02/2018

Supports @ 10395-10405 and resistances – @10587-10628 (Sell on rises continues)

short BELOW 10470 or 10390
long near 10400 or 10490

Nifty for 14/02/2018

Supports @ 10395-10405 and resistances now – @10587-10628 (Sell on rises continues)

short below 10470 or 10590
long near 10400 or 10500

Nifty for 12/2/2018

short below 10410
long above   10480