Monday, January 6, 2020

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.

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