Tuesday, December 3, 2019

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

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