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 -

Bank Nifty as of 4th Feb 2020

Bank Nifty Spot -

Long above 30750, more high above 30900. Short above 30620, more low below 30534.

Bank Nifty Future -

Bank Nifty as of 3rd Feb 2020

Bank Nifty Spot -

Wave counts -
1. 31029-30438
2. 30438-30919
3. 30919-29615 - subdivided in 5 waves
4. 29615->29923(23.6%)/30113(38.2%)/30421(61.8%)  - done @30105?

Bank Nifty should stay below 30438, low of wave 1.

Long above 30100, short below 29932.

Bank Nifty Future -

Bank Nifty as of 1st Feb 2020

Bank Nifty Spot -

Wave counts -
1. 31029-30438
2. 30438-30919
3. 30919->29853(200%)/29727(223.6%)/29649(2238.2%) - d0ne @29755
4. 29755->30030(23.6%)/30200(38.2%)/30474(61.8%)

3rd wave internally subdivided in 5 waves.

Tomorrow bank nifty may bounce to 30000+/-  as it's 4th wave and then fall back to 29500+/- to complete 5th wave.

Long above 29850, short below 29760. Watch 30050/30280 levels for reversal.