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 - 

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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...