Monday, December 2, 2019

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

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