Nifty as of 29th Aug 2019

Bigger wave count - 

1.    12103-11625=478
2.    11625-11982=375
3.    11982-10637= 1345
4.    10637->>11151(38.2%)/11310(50%)

If 4ht wave is in the form of ABC then -
4.A    10637-11142
4.B    11142->10923( completed in 5 subwaves ???)
4.C    10923-> ???

If 4.C is also in 5 subwaves then
4.C.1   10923-11021=98
4.C.2   11021-10928=93
4.C.3   10928->11026(100%)/11049(121.6%)/11064(138.2%)/11087(161.8%)

Since 4.C.2 retraced almost entire 4.C.1 wave, 4.C.3 will not be an extend wave, probably below 161.8% of wave 4.C.1.

So tomorrow if 10923 is broken then more fall can be expected upto 10850+/- 

Long above 10990 and short below 10920(or 10930)

BNS long above 27500,short below 27280

Nifty as of 26th Aug 2019

Bigger wave count - 


1.  12103-11625=478
2.  11625-11982=375
3.  11982-10637= 1345
4.  10637->>10954(23.6%)/11151(38.2%)



Short below 11025, confirmation 10990. Long above 11080.

BNS short below 27840, long above 28045.

Nifty as of 23rd Aug 2019

Bigger wave count - 


1.  12103-11625=478
2.  11625-11982=375
3.  11982-10731(261.8%)/10650(278.6% done @10637 ???)/10548(300%) = 1345
4.  10637->>10833(14.6%)/10954(23.6%)/11151(38.2%)


If 3rd is still in progress then- 

3.1 11982-11461=521
3.2 11461-11707=246
3.3 11707-10783
3.4 10783-11147
3.5 11147->10689(38.2% done at 10637???)/10547(50%)


Or if 3.5 still in progress-

3.5.1  11147-10986=161
3.5.2  10986-11059=73
3.5.3  11059-10638=421 
3.5.4  10638->10849(50%  done @10862 ???)/10898(61.8%)/10936(70.7%)/10969(78.6%)

If NS opens and trade below 10862 for rest of the day then 3.5.4 might have finished and 3.5.5 will start for 10650-10550 level. But if NS opens below 10862 (or above ) and move above it,3.5.4.c might start 10900-10950.

If NS trade above 10985, it will confirm that bigger 3rd wave is finishes and 4th wave is in progress.

Short below 10820, confirmations below 10805; long above 10870.

If NS opens gap up and not strong enough to trade/sustain above 10920, short can be initiated with strict stop loss.

Monthly close below 10750 will be highly bearish.


BNS long above 27050, short below 26860.

Nifty as of 13 Aug 2019

Bigger wave count - 


1.  12103-11625=478
2.  11625-11982=375
3.  11982->???

3.1 11982-11461=521
3.2 11461-11707=246
3.3 11707-10783
3.4 10783-11181
3.5 11181->10723(38.2%)/10581(50%)/10440(61.8%)

3.5.1  11181-11042=139
3.5.2  11042-11121
3.5.3  11121->11896(161.8% - 10905 done?)/10843(200%)

If 3.5.3 done at 10905 then
3.5.4  10905->10956(23.6%)/10988(38.2%)/11013(50%)/11039(61.8%)

If 3.5.4 is started from 10905 then 10985-11015 is important level and short can be initiated from here keeping 11042 as SL.


BankNifty -

5.1  28602-28063=539
5.2  28063-28138
5.3  28138->27599(100%)/27472(123.6%) - 27684 done so far

27890 imp resistance.

Nifty as of 8th Aug 2019

Bigger wave count - 


1.  12103-11625=478
2.  11625-11982=375
3.  11982->???

3.1 11982-11461=521
3.2 11461-11707=246
3.3 11707-10783
3.4 10783->11066(23.6% done??)


3.4.a 10783-11018
3.4.b 11018-10837
3.4.c 10837->

1-5 in 3.4.c is subdivided in small waves as-
3.4.c.1 10837-10916
3.4.c.2 10916-10856
3.4.c.3 10856->

Not sure if below subwaves is correct/required or not ??
3.4.c.3.1 10856-10897=41
3.4.c.3.2 10897-10863
3.4.c.3.3 10863-11058(done?)
3.4.c.3.4 11058->11010(23.6%)/10981(38.2%)/10959(50%)/10933(61.8%)
3.4.c.3.5 ??->11066??
If above subwave count is correct/required then NS will fall more time for 3.4.c.4 wave and rise up to complete 3.4.c.5 and then we may see 3.5 wave.

BankNifty -  short if below 28160

Nifty as of 7th Aug 2019

Bigger wave count - 

1.  12103-11625=478
2.  11625-11982=375
3.  11982->???

3.1 11982-11461=521
3.2 11461-11707=246
3.3 11707->10864(done?? 161.8%)/10665(200%) - looks like not done yet
                   New low 10783 made on 05/08/2019 - done now ??? - again looks like not done yet.

3.3.1 11707-11230=437
3.3.2 11230-11308=78
3.3.3 11308-10783=458(123.6%)
3.3.4 10783-11018
3.3.5 11018->10665(38.2%)/10556(50%)/10447(61.8%)

3.3.5.1  11018-10914=104
3.3.5.2  10914-10960
3.3.5.3  10960->10792(161.8)/10752(200%)/10688(261.8%)/10648(300%)

BankNifty -

1. 28162-27779=383

2. 27779-27999

3. 27999->27379(161.8%)/27233(200%)

Nifty as of 6th Aug 2019

10894 is the key for 7th Aug'19, if NS break it then this might not be a 1-5 of A wave.
If 10894 isn't breached, it may scale 11000+ to complete 5th of A wave.

OR is it still 3.3.5.4 as per below count -
3.3.5.4.a  10850-11080
3.3.5.4.b  11080-10783
3.3.5.4.c  10783-11018

And now 3.5.5.4 is completed, 3.3.5.5 may start to 10750+/- levels

Nifty as of 5th Aug 2019

Bigger wave count -

1. 12103-11625=478 2. 11625-11982=375 3. 11982->??? 3.1 11982-11461=521 3.2 11461-11707=246 3.3 11707->10864(done?? 161.8%)/10665(200%) - looks like not done yet
New low 10783 made on 05/08/2019 - done now ???
3.3.1 11707-11230=437 3.3.2 11230-11308=78 3.3.3 11308-10850=458(100% is 10871) 3.3.4 10850-11080(23.6%)

3.3.5 11080 -> 10753(38.2%)/10550(61.8%)???

3.3.5.1 11080-10968=112

3.3.5.2 10968-11016=48

3.3.5.3 11016-10783 (200%)

3.3.5.4 10783-10893(38.2%)

3.3.5.5 10893--> 10753 ??

For 3.3.5.5(3.3.5) to extend it's fall, nifty should break 10844 and fall would be in 1-5 small waves, 1 and 2 are already done.

Another possibility - 3.3.5 is done at 10783 and 3.4 has started from 10783

If 3.4 is started -

A.1 10783-10893=110

A.2 10893-10826=67

A.3 10826->11004(161.8%)

For uptrend, nifty should break 10880

Bank Nifty
Bigger wave count -
A.1  31784-30223=1561
A.2  30223-31661
A.3  31661->27574(261.8%)/26978(300%)
A.4  27391->28428(23.6%)/29069(38.2%)

Looks like 3.3 is done is BankNifty and 3.4 is started from 27391. if it's so then 4.1
For BankNifty 27770 is the number to go long and 27580 to short. 

Nifty as of 2nd Aug'19

Bigger wave count -

1. 12103-11625=478 2. 11625-11982=375 3. 11982->??? 3.1 11982-11461=521 3.2 11461-11707=246 3.3 11707->10864(done?? 161.8%)/10665(200%) - looks like not done yet 3.3.1.1 11707-11582 3.3.1.2 11582-11640 3.3.1.3 11640-11307 3.3.1.4 11307-11398 3.3.1.5 11398-11230 3.3.1 11707-11230=437 3.3.2 11230-11308=78 3.3.3 11308-10850=458(100% is 10871) 3.3.4 10850-11080(23.6%)

3.3.5 11080 -> 10753(38.2%)/10550(61.8%)/10223(100%) ???

3.3.5.1 11080-10968=112

3.3.5.2 10968-11016=48

3.3.5.3 11016->10904(100%)/10835(161.8%)/10792(200%)

3.3.5.4 ?? --> ~10885-916

3.3.5.5 ?? -- 10753 ??

Nifty as of 1st August 2019

Bigger wave count -

1. 12103-11625=478 2. 11625-11982=375 3. 11982->? 3.1 11982-11461=521 3.2 11461-11707=246 3.3 11707->10864(done?? 161.8%)/10665(200%) 3.3.1.1 11707-11582 3.3.1.2 11582-11640 3.3.1.3 11640-11307 3.3.1.4 11307-11398 3.3.1.5 11398-11230 3.3.1 11707-11230=437 3.3.2 11230-11308=78 3.3.3 11308-10881=427(done?? 100% is 10871) 3.3.4 10881->11076(23.6%)/11197(38.2%)/11294(50%)/11391(61.8%) -should be less than 11230?? low of 3.3.1

3.3.5 ? -> ?? < 10881 as 3rd wave(3.3.3) can't be smallest 

BankNifty  -
31784-30223=1561
30223-31658=1435
31658->28050(nearly 238.2%)
28050->28931(23.6%)/29476(38.2%)