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 18000PE above 19300         

Bank Nifty as of 27th Mar 2020

Bank Nifty Spot -

Bulls trying to cross 21400 and bears trying their best to keep them below this number. So staying above 21400 is critical for bulls for further up move. Below 19750, scenarios will favour bears.

Looks like a five wave up move is in progress from 16118 as -
1. 16118-17635
2. 17635-16638
3. 16638-21451
4. 21451-> 19612(38.2%)/19004(50%)/18477(61.8%)

If 4th still in progress and 'a'/'b' are done; 'c' can target as -
a. 21451-19719=1732
b. 19719-20593
c. 20593->18861/18199

Bank Nifty as of 18th Mar 2020

Bank Nifty Spot -

50% of  1-3 wave is almost done near 20000+/- and 61% will be near 18500.

Long above 20925, short below 20430.

Bank Nifty Future -

Bank Nifty as of 17th Mar 2020

Bank Nifty Spot -

Long above 22214, short below 21990.

Bank Nifty Future -

Bank Nifty as of 16th Mar 2020

Bank Nifty Spot -

Long above 23435, short below 22913.

Bank Nifty Future-

Bank Nifty as of 13th Mar 2020

Bank Nifty Spot -

Long above 25350, short below 24900.

Bank Nifty Future -

Bank Nifty as of 12th Mar 2020

Bank Nifty Spot -

Bank Nifty as of 11th Mar 2020

Bank Nifty Spot -

A 5 waves is in progress from 31599
1. 31599-30260
2. 30260-31082
3. 31082-28474
4. 28574-29133
5. 29133->26008(100%)/25270(123.6%)/24814(138.2%) - done @25940?

If 5th is subdividing then wave counts is as -
5.1. 29133-27201
5.2  27201-28043
5.3  28043-25940
5.4  25940->26436(23.6%)/26743(38.2%) - done @26743?
5.5  26743->25989(23.6%)/25523(38.2%)/24770(61.8%)

Long above 26751, short below 26280.

Bank Nifty Future-

Bank Nifty as of 9th Mar 2020

Bank Nifty Spot -

A 5 waves is in progress from 31599
1. 31599-30260=
2. 30260-31082
3. 31082-28474
4. 28574-29133
5. 29133->26008(100%)/25270(123.6%)/24814(138.2%) - done @25940?

If 5th is subdividing then wave counts is as -
5.1. 29133-27201
5.2  27201-28043
5.3  28043-25940
5.4  25940->26436(23.6%)/26743(38.2%) - done @26625?
5.5  26625->25871(23.6%)/25405(38.2%)

Long above 26550, short below 26280.

Bank Nifty Future -

d

Bank Nifty as of 6th March 2020

Bank Nifty Spot -

Long above 27940, short below 27724.

Bank Nifty Future -

Bank Nifty as of 3rd March 2020

Bank Nifty Spot -

Looks like 5 waves(C wave) from 31599 completed as - 

1.  31599-30259=1340
2.  30259-31082=823
3.  31082-29053=2029
4.  29053-29625
5.  29625-28574

Now up move started ?

1.  28574-29281
2.  29281-28756
3.  28756->29463(100%)/29630(123.6%)/29733(138.2%)/29900(161.8%)

Long trades looks risky in current scenarios but formation of bullish harami can take price high tomorrow.
Long above 29268, short below 29077.

Bank Nifty Future - 

Bank Nifty as of 2nd March 2020

Bank Nifty Spot -

If a 5 wave is in progress from 31599, then wave counts are as -

1.  31599-30259=1340
2.  30259-31082=823
3.  31082-29053=2029
4.  29053-29779
5.  29779->28806(38.2%)/28506(50%)/28206(61.8%) - done @28574?

If 5th wave yet not finished and subdividing as below then -
5.1. 29779-29328
5.2. 29728-29625
5.3. 29625-28574
5.4. 28574-28967
5.5. 28967->28507(38.2%)/28364(50%)/28222(61.8%)

Long above 28956, short below 28850.

Bank Nifty Future -

Bank Nifty as of 28th Feb 2020

Bank Nifty Spot -

If a 5 wave is in progress from 31599, then wave counts are as -

1.  31599-30259=1340
2.  30259-31082=823
3.  31082->29230(138.2%)/28914(161.8%) - done @29053?
4.  29053->29523(23.6%)/29828(38.2%)/30068(50%)/30307(61.8%)

If corrective 4th wave starts, find out what is the nature of subwave 'a', is it a/b/c or in 5 waves.
If bank nifty falls further on monday, look for support near 28938. If 28938+/- level doesn't hold, next possible level could be 28626.

Long above 29250, confirmation above 29320/29416. Short below 29077.

Bank Nifty Future -

Bank Nifty as of 27th Feb 2020

Bank Nifty Spot -

Long above 30235, short below 30103.

Bank Nifty Future-

Bank Nifty as of 25th Feb 2020

Bank Nifty Spot -

Wave 'B' done @31082 - a 61.8% retrace of wave 'A'. Now 'C' has started keeping below 31082. This 'C' wave can target 29743(if 'A'='C').

Now in subwaves - If 1st of 'C' is in progress as per below -

C.1 31082-30338
C.2 30338->30610-30640(flat?)
C.3 30640->29896/29720

Long above 30535, short below 30368. Look for weakness near 30600+/-.
More low below 30336/30235 and high above 30650.

Bank Nifty Future -

Bank Nifty as of 24th Feb 2020

Bank Nifty Spot -

Wave 'B' done @31082 - a 61.8% retrace of wave 'A'. Now 'C' has started keeping below 31082. This 'C' wave can target 29743(if 'A'='C').

Now in subwaves - If 1st of 'C' is in progress as per below -

C.1 31082-30429
C.2 30429->30583(23.6%)/30679(38.2%)/30833(61.8%)

Long above 30535, short below 30415.

Bank Nifty Future-

Bank Nifty as of 20th Feb 2020

Bank Nifty Spot -

Wave 'B' done @31082 - a 61.8% retrace of wave 'A'. Now 'C' has started keeping below 31082. This 'C' wave can target 29743(if 'A'='C').

Now in subwaves - If 1st of 'C' is in progress as per below -

C.1.1 31082-30968
C.1.2 30968-31050
C.1.3 31050->30865(161.8%)/30822(200%)/30751(261.8%)/30708(300%)/30638(361.8%)


Long above 31037, short below 30875.

Bank Nifty Future -

Bank Nifty as of 19th Feb 2020

Bank Nifty Spot -

50% retrace of wave 'A'(if it is) is done @30930.  61.8% will be 31080, if  current up move is 'B' wave.

Long above 30882, short below 30780(confirmation 30720).

Bank Nifty Future -

Bank Nifty as of 17th Feb 2020

Bank Nifty Spot  -

Looks like 'A' wave done from 31599-30635(in 5 subwaves). Corrective 'B' wave may start holding 30635. Positive divergence formation in 15 mins chart??

Likely targets for 'B' wave are 30863(23.6%)/31003(38.2%)/31231(61.8%).

Long above 30797, short below 30637. If price sustain below 30790, go short.

Bank Nifty Future -

Bank Nifty as of 14th Feb 2020

Bank Nifty Spot -


Long above 30890, short below 30780. More low sustaining below 30650.

Bank Nifty Future -

Bank Nifty as of 13th Feb 2020

Bank Nifty Spot -

Long above 31305, short below 31156. Staying below 31200 will be negative.

Bank Nifty Future -

Bank Nifty as of 12th Feb 2020

Bank Nifty Spot -

Long above 31533, short below 31442.

Bank Nifty Future -

Bank Nifty as of 11th Feb 2020

Bank Nifty Spot -

Long above 31380, short below 31250.

If corrective A wave started from 31504 in 5 subwaves, iii can target 31180/31127/31096/31047

Bank Nifty Future -

Bank Nifty as of 10th Feb 2020

Bank Nifty Spot  -

Looks like correction finished from 31465-30973 and 5th to start holding 30920.

Long above 31110, short below 30980

Bank Nifty Future -

Bank Nifty as of 7th Feb 2020

Bank Nifty Spot -

If only 3rd is done from 29615 - 31465 and 4th started - 

'a' and 'b' done @31112 and @31315 and 'c' to target 30962+/-(100% of 'a') 

Or if 5th is done @31465, then correction might be deeper depending type of correction.

Long above 31251, short below 31140/31110.
If opens below/near 31140/31110 and bounce back/above to this range, can enter long keeping 31110 as stop-loss.

Bank Nifty Future -

Bank Nifty as of 6th Feb 2020

Bank Nifty Spot -

A 5 done from 29615 - 31465=1850?

1. 29615-30088=473
2. 30088-29785=303
3. 29785-30776=991(>200%)
4. 30776-30659=117
5. 30659->31103(38.2%)/31377(61.8%) - done @31465?

Now correction to  follow ?
23.6% =31028, 38.2%=30758
If A wave started in 5 waves, and i & ii done then iii will target most probably 31130-31030+/-, if 31230 is broken.

Long above 31350, short below  31230.

Bank Nifty Future -

Bank Nifty as of 5th Feb 2020

Bank Nifty Spot -

A 5 done from 29615 - 31066?

1. 29615-30088=473
2. 30088-29785=303
3. 29785-30945=1160(>238.2%)
4. 30945-30659=285(~23.6%)
5. 30659-31066->407(>23.6%)/31132(=1st wave)/31167(38.2%)/31481(61.8%)
OR
3. 29785-30776=991(>200%)
4. 30776-30659=117
5. 30659->31103(38.2%)/31377(61.8%) - done @31066?

Long above 31070, short below 30920.

Bank Nifty Future -