Monday, October 21, 2019

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


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