Sunday, February 2, 2020

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.

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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 18000P...