Bank Nifty as of 30th Jan 2020

Bank Nifty Spot -

Long above 30720, short below 30588/30520. More high above 30900.

Bank Nifty as of 27th Jan 2020

Bank Nifty Spot -


From height of 31374, looks like a 5 is in progress.
1. 31374-30927
2. 30927-31227
3. 31227-> 30780(100%)/30674(123.6%)/30609(138.2%)  - still in progress ?

Long above 30940,more high above 30990; short below 30840.

Bank Nifty Future -

Weak below 30810, short below 30740. Long above 30954.

Bank Nifty as of 23rd Jan 2020

Bank Nifty Spot -

Long above 31070, more high above 31150. Short on sustaining below 30930. Watch 31370+/- area for resistance and shorting opportunity.

Bank Nifty Future -

Bank Nifty as of 22nd Jan 2020

Bank Nifty Spot -

Long above 30780, more high above 31000. Short below 30650. If break down, look for 30550+/- level for bounce.

Bank Nifty Future -

Bank Nifty as of 21st 2020

Bank Nifty Spot -

Long above 31003;more high above 31131. Short below 30906.

Bank Nifty Future -

Bank Nifty as of 20th Jan 2020

Bank Nifty Spot -

Long above 31131, more high above 31256. Short below 30972.

Bank Nifty as of 16th Jan 2020

Bank Nifty Spot -

Long above 31900, short below 31790; confirmation below 31755.

Bank Nifty Future -

Short below 31880, long above 32015.

Bank Nifty as of 13th Jan 2020

Bank Nifty Spot -

If current up move is 1st wave from 30903 as -

1.  30903 -> ?
     i.   30903-31350=447
     ii.  31305-31051=204
     iii. 31051-32345=1294
     iv.  32345->32040(23.6%)/31851(38.2%)     -  done@31955???
     v.   31955->32296(23.6%)/32506(38.2%)/32847(61.8%)

Looks like 4th 'c' is in progress or done @32076 and vth to start.

Long above 32250, short below 32105.

Bank Nifty as of 10th Jan 2020

Bank Nifty Spot -

If current up move is 1st wave from 30903 as -

1.  30903 -> ?
     i.   30903-31350=447
     ii.  31305-31051=204
     iii. 31051-32345=1294
     iv.  32345->32040(23.6%)/31851(38.2%)     -  done@31955???
     v.   31955->32296(23.6%)/32506(38.2%)/32847(61.8%)

Either 1.iv finished @31955 or only 'a' & 'b' are done. If  ivth still in progress( staying below 32200 -61.8% of  'a') then 'c' might target 31850+/- (31744 if a=c).


Long above 32220. Short below 32050, confirmation below 31990.

Bank Nifty Future -

Bank Nifty as of 8th Jan 2020

Bank Nifty Spot -

Long above 31420, short below 31350

Bank Nifty Future -
Long above 31500, short below 31390.

Bank Nifty as of 7th Jan 2020

Bank Nifty Spot -

If corrections has started from 32611 -

a. 32611-32062
b. 32062-32463
c. 32463->31914(100% of 'a')/31784(123.6%)/31704(138.2%)

'c' wave subdividing in 5 waves as -

1. 32463-31962
2. 31962-32111
3. 32111-31172
4. 31172-31850
5. 31850->31357(38.2%)/31052(61.8%) - done @31202 in 5 subwaves?

If 5 waves completed('c' wave) then impulsive move might start holding 31330.

Another possibility - 
4th wave finished @31202 
a. 32156-30998
b. 30998-32611
c. 32611-31202

Now 5th might start,  Also positive divergence can be seen in hourly chart.

Bank Nifty Future (Renko) -
Long aboe 31620, short below 31490

Bank Nifty as of 6th Jan 2020

Bank Nifty Spot -

If corrective A has started from 32611 -

A. 32611->?
   a. 32611-32062
   b. 32062-32463
   c. 32463->31914(100% of 'a')/31784(123.6%)/31704(138.2%)

'c' finished in 5 subwaves at 31962?? or just 1st wave done @ 31962 and 2nd done/progress as -

1. 32463-31962
2. 31962-32111
3. 32111-31172
4. 31172->31394(23.6%)/31531(38.2%) - done @31322?

Long above 31351, short below 31190.

Bank Nifty Future - 
Long above 31425, short below 31310.

Bank Nifty as of 3rd Dec 2020

Bank Nifty Spot -

If corrective A has started from 32611 -

A. 32611->?
   a. 32611-32062
   b. 32062-32463
   c. 32463->31914(100% of 'a')/31784(123.6%)/31704(138.2%)

'c' finished in 5 subwaves at 31962?? or just 1st wave done @ 31962 and 2nd done/progress as -

1. 32463-31962
2. 31962->32080(23.6%)/32153(38.2%)/32272(61.8%) - done @ 32111?
3. 32111->31492(123.6%)/31419(138.2%)

Long above 32125;more high above 32190/32330. Short below 32025; confirmation below 31980.

Bank Nifty Future (Renko) -
Long above 32200; more high above 32271. Short below 32109.

Bank Nifty as of 2nd Jan 2020

Bank Nifty Spot -

WAve counts from 32062-

1. 32062-32255
2. 32255-32133
3. 32133->32445(161.8%) - done @ 32463?
4. 32463->32372(23.6%)/32313(38.2%)

Long above 32490, short below 32372.

Bank Nifty Future (Renko) -

Long above 32640, short below 32540.

Bank Nifty as of 1st Jan 2020

Bank Nifty Spot -

Wave counts are not very clear for fall from 32611. Either 3rs is in progress or it's 3rd of 3rd wave.
As of now assuming wave counts are as follow -
1. 32611-32140
2. 32140-32348
3. 32348->31768(123.6%)/31700(138.2%)

Long above 32150, short below 32070; more low below 31970.

Bank Nifty Future (Renko) -

Long above 32350, short below 32270.