Tuesday, March 31, 2020
Saturday, March 28, 2020
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
Wednesday, March 18, 2020
Tuesday, March 17, 2020
Monday, March 16, 2020
Sunday, March 15, 2020
Thursday, March 12, 2020
Wednesday, March 11, 2020
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-
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-
Tuesday, March 10, 2020
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
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
Sunday, March 8, 2020
Tuesday, March 3, 2020
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 -
Monday, March 2, 2020
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 -
Sunday, March 1, 2020
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 -
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Bank Nifty as of 31st Mar 2020
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