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