Wednesday, December 11, 2019

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.

No comments:

Post a Comment

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...