Bank Nifty as of 31st Dec 2019

Bank Nifty Spot -

1. 32611-32249
2. 32249-32389
3. 32389->31944(123.6%)/31891(138.2%)

If 3rd is subdividing then -
3.1 32389-32140
3.2 32140-32328
3.3 32328->32020(123.6%)/31984(138.2%)/31925(161.8%)

Long above 32252, short below 32084.

Bank Nifty Future (Renko)-

Long above 32432, short below 32333.

Bank Nifty as of 30th Dec 2019

Bank Nifty Spot -

1. 31975-32611
2. 32611-32249
3. 32249->33035(123.6%)/33128(138.2%)

Long above 32400, short below 32290(32323).

Bank Nifty future(Renko)-

Long above 32590, short below 32500; more low below 32470.

Bank Nifty as of 27th Dec 2019

Bank Nifty Spot -

Wave counts from 31975 -

1. 31975-32372
2. 32372-32309
3. 32309->32800(123.6%)/32858(138.2%)/32951(161.8%)

Short below 32380, more low breaking 32330. Long above 32475 or if bank nifty spot sustain 32400/380 for quite some time.
32250/200 could be buying area incase fall.

Bank Nift as of 26th Dec 2019

Bank Nifty Sport -

A 5 wave count from 32500 -
1.  32500-32198=302
2.  32198-32358
3.  32358->31980(123.6%)/31941(138.2%)/31869(161.8%) - done@ 31975?
4.  31975->32099(23.6%)/32176(38.2%)/32299(61.8%)

Short below 31980, Long above 32070

Bank Nifty as of 24th Dec 2019

Bank Nifty Spot -


Long above 32350/80, week below 32280; short below 32200.

Bank Nifty as of 23rd Dec 2019

Bank Nifty Spot  -

Long above 32396, short below 32294; more low below 32200.

Bank Nifty as of 13th Dec 2019

Bank Nifty Spot -

If impulsive move started from 30998 then wave counts are as -

1. 30998-31468
2. 31468-31422
3. 31422->32003(123.6%)/32072(138.2%)/32182(161.8%) - done @32098?
4. 32098->31938(23.6%)/31813(38.2%)  - done @31960?
5. 31960->32220(23.6%)/32380(38.2%)/32310(61.8%)

Long above 32080; more height above 32132. Short below 31960; more low below 31892.

Bank Nifty as of 12th Dec 2019

Bank Nifty Spot -

If impulsive move started from 30998 then wave counts are as -

1. 30998-31468
2. 31468-31422
3. 31422->32003(123.6%)/32072(138.2%)/32182(161.8%)

Long above 31700, short below 31600, more low below 31530.

Bank Nifty as of 11th Dec 2019

Bank Nifty Spot -

ABC done as below ?-
A. 32156-31445
     a.  32156-31774
     b.  31774-32021
     c.  32021-31445
B. 31445-32117
     a. 31445-31877
     b. 31877-31554
     c. 31554-32117
C.  32117-30998
      i)   32117-31695
      ii)  31695-31881
      iii) 31881-31123
      iv) 31123-31536
      v)  31536-30998

Correction finished and impulsive move started from 30998?
1. 30998->31321 - done or more to come in subwaves?
2. 31321->31245(23.6%)/31198(38.2%)/31121(61.8%)/31083(73.6%)

Long above 31330, short below 31220(or below 31250 if opens higher)  - weakness to remain below 31270.

Bank Nifty as of 10th Dec 2019

Bank Nifty Spot -

Long above 31220, more height above 31340; short below 31130.

Bank Nifty as of 9th Dec 2019

Bank Nifty Spot -

Keep a check on hourly chart for positive divergence.

A. 32156-31445
     a.  32156-31774
     b.  31774-32021
     c.  32021-31445
B. 31445-32117
     a. 31445-31877
     b. 31877-31554
     c. 31554-32117
C.  32117->31238/31134/30967?
      i)   32117-31695=422
      ii)  31695-31881
      iii) 31881-31123
      iv) 31123-31536
      v)  31536->31313(23.6%)/31175(38.2%)/30953(61.8%) - done @31265?

If broke 31280, iiird of vth will start(in 5 min chart) and can target 31175-31000+/-.
If move above 31390 -
  i.  Either vth(C wave) is finished and new up move will started.
  ii. or 'c' of ivth started targeting 31600+/- then vth will start

Short below 31280, long above 31390; more high possible above 31450.

Nifty Spot - 

Short below 11910, long above 11970.

Bank Nifty as of 6th Dec 2019

Bank Nifty Spot -

A. 32156-31445
     a.  32156-31774
     b.  31774-32021
     c.  32021-31445
B. 31445-32117
     a. 31445-31877
     b. 31877-31554
     c. 31554-32117
C.  32117->31238/31134/30967?
      i)   32117-31695=422
      ii)  31695-331881
      iii) 31881->31298(138.2%)/31198(161.8%)/31037(200%) - done at 31253?
      iv) 31253->31402(23.6%)/31494(38.2%)/31642(61.8%)    - done at 31408?
      v)  31408->31204(23.6%)/31078(38.2%)/30875(61.8%)

If BNS stays below 31375, short positions can be taken OR 31375 can be used as stop loss for short trades. Breaking 31200 will further open doors to 31050+/-.
Above 31390 more height possible till 31500 & 31600-50. This might be 'c' wave of ivth wave.

Long above 31390, short below 31270.

Nifty Spot -

Long aboe 11940-80, short below 11890.

Bank Nifty as of 5th Dec 2019

Bank Nifty Spot -

Probably ABC marked in previous post is a/b/c if A wave as below -

A. 32156-31445
     a.  32156-31774
     b.  31774-32021
     c.  32021-31445

B. 31445-32117
     a. 31445-31877
     b. 31877-31554
     c. 31554-32117

C.  32117->31445?
      i)   32117-31695
      ii)  31695-32003
      iii) 32003->31581(100%)/31481(123.6%)/31420(138.2%)/31320(161.8%)

Long above 31751-31800, more height possible above 31921. Short below 31600

.Nifty Spot - 

Long above 12030, short below, more height possible above 12071. Short below 11990.

Bank Nifty as of 4th Dec 2019

Bank Nifty Spot -

ABC completed from 32156 as  -

A. 32156-31774
B. 31774-32021
C. 32021-31445


From 31445 a 5 waves started as per below count - ?
1. 31445-31877
2. 31877-31554
3. 31554->32088(123.6%)/32151(138.2%)/32253(161.8%)

Long above 3206, more high possible if trade above 32130. Short below 31922, more low below 31850.

Nifty Spot - 

Long above 12070, short below 12025.

Bank Nifty as of 3rd Dec 2019

Bank Nifty Spot -

As per previous post, count remain same.If correction started from 32156 then counts are as -

A. 32156-31774
     i)   32156-31970
     ii)  31970-32027
     iii) 32027-31791
     iv) 31791-31929
     v)  31929-31774
B. 31774-32021
     a)   31774-31956
     b)   31956-31900
     c)   31900-32021
C. 32021->31549(123.6%)/31493(138.2%)/31403(161.8%)
    i)    32021-31721
    ii)   31721-31906
    iii)  31906->31535(123.6%)/31491(138.2%)/31421(161.8%) - done @31504?
    iv)  31504->31642 - done?
    v)   31642->31520(23.6%)/31444(38.2%)/31383(50%)/31322(61.8%)

Long above 31670, if trade above 31721 then C might have finished and it might start moving more higher. Short below 31580, more low below 31520.

Nifty Spot - 

Long above 12025, short below 11970

Bank Nifty as of 2nd Dec 2019

Bank Nifty Spot -

As per previous post, count remain same.If correction started from 32156 then counts are as -

A. 32156-31774
     i)   32156-31970
     ii)  31970-32027
     iii) 32027-31791(~ 12.36%)
     iv) 31791-31929
     v)  31929-31774
B. 31774- 32006 32021(done?)
     a)   31774-31956
     b)   31956-31900
     c)   31900-32006 32021
 Or it's just 'a',  'b' will target 31825+/- and 'c' back to 32000+/- and then C will start? - Possibilities of this looks less now.
If B is done then C to target appx 31624 +/- ?

C. 32021->?
    i)    32021-31721
    ii)   31721-31906
    iii)  31906->31535(123.6%)/31491(138.2%)/31421(161.8%)

Buy above 31895-31905, sell below 31825.

Nifty Spot -  Long above 12072, short below 12026

Bank Nifty as of 29th Nov 2019

Bank Nifty Spot -

Resistance zone - 31990-32005, Support zone - 31840-31825. Shorts can be taken below 31900, more low below support zone. Long above 32005 only.

If correction started from 32156 then counts are as -
A. 32156-31774
     i)   32156-31970
     ii)  31970-32027
     iii) 32027-31791(~ 12.36%)
     iv) 31791-31929
     v)  31929-31774
B. 31774- 32006(done?)
     a)   31774-31956
     b)   31956-31900
     c)   31900-32006
 Or it's just 'a',  'b' will target 31825+/- and 'c' back to 32000+/- and then C will start?

If B is done then C to target appx 31624 +/- ?


OR if this is 3rd wave from 31056(as per previous post),
then  subwave (i) is done at 32156(689 points), (ii) is in progress (done if trade above 32006) and can target appx 31730(61.8%)/31669(70.7%)/31614(78.6%)

Moreover looks like corrections will be short till 31600+/-. and then it till start moving upside. Above 32000 Bank Nifty will rock.

Bank Nifty as of 27th Nov 2019

Bank Nifty Spot -

Negative divergence still visible on hourly chart.

Wave counts from 31056 - 

1. 31056-31813=757
2  31813-31467
3  31467->32403(123.6%)/32513(138.2%)/32692(161.8%)


3rd wave subdividing further as -
3.i    31467-31893=426
3.ii   31893-31735=158(~38.2%)
3.iii  31735->32262(123.6%)/32424(161.8%)/32587(200%)/32668(223.8%)

Long above 31920, short below 31840-31800. More low below 31750.



Nifty Spot - Long above 12120, short below 12070.

Bank Nifty as of 26th Nov 2019

Bank Nifty Spot -

Negative divergence on hourly chart.

From 31056 a 5 wave finished @31850(though 1st and 2nd wave count aren't accurate)?
Or is 1st finished @31813, 2nd @31467 and 3rd started?

Long above 31750-31770, short below 31667, more low below 31560.

Nifty Spot - Long above 12072, sell below 12025.

Bank Nifty as of 22nd Nov 2019

Bank Nifty Spot - 

Short below 31080-31060. If 30930 broken more downside possible till 30757.
Long above 31230(or 31175) upto 31361, more height possible above 31361 till 31661.

1. 27568-28858=1290
2. 28858-27737
3. 27737-31205=3468(>261.8%)
4. 31205-30338
5. 30338-31469(done?) -- 31196(23.6%)/31727(38.2%)

If 5th (in 5 subwaves) finished @31469 and correction has started then count for wave A are as-

i)    31469-31242
ii)   31242-31462
iii)  31462-31057(done?)
iv)  31057-31174(done?)
v)   31174-31077(done?)

Is A wave finished (if iii/iv/v are done) or only iiird done and iv th in progress?? and vth to start below 31086?

Nifty Spot - Long above 11960, short below 11890.

BankNifty as of 21st Nov 2019

BankNifty Spot - Long above 31430, short below 31303(more below 31265).

Nifty Spot - Long above 1194, short below 11950.

BankNifty as of 20th Nov 2019

BankNifty Spot -

A five might have done from 30340.  If correction has started from 31469 and  it breaks 31260-30, more corrections is likely(appx 31100).

Short below 31260-30, ,ong above 31421

Nifty Spot - Long above 12024, short below 11980

Bank Nifty as of 19th Nov 2019

Bank Nifty Spot - Long above 31260, short below 31180-60.

BankNifty as of 18th Nov 2019

BankNifty Spot - Long above 31060, short below 30951-26.

Nifty Spot - short below 11870, more weak below 11825, long above 119230.

Bank Nifty as of 15th Nov 2019

Bank Nifty Spot -

Seems like 4th(or 4th's 'a') wave in progress and should stop near 30900.If it breaks this number, more low can be made till 30767(height of wave 1) . If this number (30767) is also breached then I guess 31157 can be labeled as 3rd and 31164 as 5th wave.

If 31157 is 3rd wave and 30969 is 4th wave(in a/b/c), then 5th may start(breaking 31055 ) tragting 31250 +/-.

Short below 30965, more low below 30900. Long above 31054, more high possible breaching 31114.

Nifty Spot - Short below 11880, long above 11925.

Nifty Bank/Nifty as of 13th Nov 2019

NiftyBank Spot - Long above 30600, short below 30484.

Nifty Spot  - short below 10825, support 10770-60(may stop near 11800). Long above 11880.

NiftyBank as of 11th Nov 2019

BankNifty Sport - short below 31060, more low below 30975. Long above 31300

Nifty Spot -long above 11920, short below 11870

NiftyBank as of 8th Nov 2019

BankNifty Spot - On daily chart 30400 is important level, if it is broken more downside.



27571-28858=1287
28858-27743=1115
27743-30414=2671(>200%)
30414-30016=398
0-3=2843
30016->30687(23.6%)/31102(38.2%) -done@31108?

From 31108 in 5 min chart -

31108-30859=249
30859-30980
30980->30672(123.6%)/30557(161.8%) - done @30681?
30681->30752/30795/30866(61.8%) - should stay below 30859
-> ~30860->30600?

If open positive and stays below 30900(preferably 30859 ) then it's shorting opportunity.
Short below 30680, confirmation 30575. Long above 30860.


Nifty Spot - short below 11890, long above 11950(or 11980).

Nifty/BankNifty as of 7th Nov 2019

Nifty Spot - Long above 12040, short below 11980.
If opens negative; may trade in negative.

Bank Nifty Spot - Resistance at 30935.
Long above 30725, short below 30570

Nifty/Bank Nifty as of 6th Nov 2019

Nifty spot - Long above 11980, short below 11935

BankNifty Spot - long above 30660, short below 30530

Bank as of 1st Nov2019

Bank Nifty Spot count on hourly chart -

1. 27571-28858=1287
2. 28858-27743=1115
3. 27743-29688=1945
4. 29688-28932=756
5. 28932->30596(78.6%)/31049(100%)/31549(123.6%)

Long above 30410, short below 30230.

Weekly levels as of 3rd Nov 2019

BankNifty Spot -

On weekly chart -

A. 31753-26561=5237
B. 26561->29797(61.8%)/30677(78.6%)

B.a   26561-30801=4240
B.b   30801-27568=3233
B.c   27568->31808(a=c)

NIfty/Bank as of 27th Oct 2019

1. 11091-11321=230
2. 11321-11190=131
3. 11190-11714=524
4. 11714->11514(38.2%) - done @11491?
5. 11491->11729(38.2%)/11876(61.8%)


If 5th is subdividing  -
i.   11491-11619=128
ii.  11619-11573=46
iii. 11573->11731/11750/11780(161.8%)

Long above 11670, short below 11580; weak below 11555.

BankNifty Spot - Long above 29622, short below 26390.

NIfty/Bank as of 18th Oct 2019

Nifty spot  - Long above 11690, short below 11630.

As per count below, 3rd might have finished @11685 and 4th will start -

1. 11091-11321=230
2. 11321-11190=131
3. 11190->11650(200%)/11738(138.2%)/11792(261.8%)

3rd wave in subwaves -
i.   11190-11420
ii.  11420-11313
iii. 11313->11685(161.8%)
iv.  11685->11544/11485(38.2%)
then vth to 11750+/- to complete 3rd wave.

BankNifty Spot - Long above 29215, short belo 28986

Nifty Spot - Shot below 11435, long above 11515(strong above 11472)

BankNifty Spot - short below 28450, long above 28700

Nifty/BankNifty as of 15th Oct 2019

Nifty spot - Long above 11470, short below 11390.

If B.c has to start -
B.a  11694-11091=603
B.b  11091->11321/11464(61.8%)/11535(73.6%)
B.c   11462->????


BNS  -Long above 28675, short below 28460.

NIfty/BankNifty as of 11th Oct 2019

Nifty Spot -
Long above 11372-92 if crossed firmly; 11372-92 is also selling area. Short below 11202.

Nifty Spot (hour chart) - Long above 11350, short below 11260.

BankNifty Spot - Long above 28154, short below 27953

BankNifty as of 10th Oct 2019

Nifty Spot  -long above 11292, short below 11202.

11091-11321=230
11321->11206(done ar 11208?)/11179

BankNifty Sport  -Long above 28154, short below 27953