Wednesday, May 30, 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)



Monday, May 28, 2018

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


Sunday, May 20, 2018

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

Tuesday, May 15, 2018

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

Sunday, May 6, 2018

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%).



Bank Nifty as of 31st Mar 2020

Bank Nifty Spot - 'c' of 4th still in progress? Long above 19300, short below 18870. Sell 20000CE below 19300 and sell 18000P...