Tuesday, November 26, 2019

Bank Nifty as of 26th Nov 2019

Bank Nifty Spot -

Negative divergence on hourly chart.

From 31056 a 5 wave finished @31850(though 1st and 2nd wave count aren't accurate)?
Or is 1st finished @31813, 2nd @31467 and 3rd started?

Long above 31750-31770, short below 31667, more low below 31560.



Nifty Spot - Long above 12072, sell below 12025.

Sunday, November 24, 2019

Bank Nifty as of 22nd Nov 2019

Bank Nifty Spot - 

Short below 31080-31060. If 30930 broken more downside possible till 30757.
Long above 31230(or 31175) upto 31361, more height possible above 31361 till 31661.

1. 27568-28858=1290
2. 28858-27737
3. 27737-31205=3468(>261.8%)
4. 31205-30338
5. 30338-31469(done?) -- 31196(23.6%)/31727(38.2%)

If 5th (in 5 subwaves) finished @31469 and correction has started then count for wave A are as-

i)    31469-31242
ii)   31242-31462
iii)  31462-31057(done?)
iv)  31057-31174(done?)
v)   31174-31077(done?)

Is A wave finished (if iii/iv/v are done) or only iiird done and iv th in progress?? and vth to start below 31086?




Nifty Spot - Long above 11960, short below 11890.

Thursday, November 21, 2019

BankNifty as of 21st Nov 2019


BankNifty Spot - Long above 31430, short below 31303(more below 31265).


Nifty Spot - Long above 1194, short below 11950.

Wednesday, November 20, 2019

BankNifty as of 20th Nov 2019

BankNifty Spot -

A five might have done from 30340.  If correction has started from 31469 and  it breaks 31260-30, more corrections is likely(appx 31100).

Short below 31260-30, ,ong above 31421





Nifty Spot - Long above 12024, short below 11980

Tuesday, November 19, 2019

Monday, November 18, 2019

BankNifty as of 18th Nov 2019

BankNifty Spot - Long above 31060, short below 30951-26.



Nifty Spot - short below 11870, more weak below 11825, long above 119230.

Sunday, November 17, 2019

Bank Nifty as of 15th Nov 2019

Bank Nifty Spot -

Seems like 4th(or 4th's 'a') wave in progress and should stop near 30900.If it breaks this number, more low can be made till 30767(height of wave 1) . If this number (30767) is also breached then I guess 31157 can be labeled as 3rd and 31164 as 5th wave.

If 31157 is 3rd wave and 30969 is 4th wave(in a/b/c), then 5th may start(breaking 31055 ) tragting 31250 +/-.

Short below 30965, more low below 30900. Long above 31054, more high possible breaching 31114.



Nifty Spot - Short below 11880, long above 11925.


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...