Sunday, September 30, 2018

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+/- 

Saturday, September 15, 2018

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+

Saturday, September 8, 2018

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.


Sunday, September 2, 2018

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


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...