Saturday, December 7, 2019

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.





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