Monday, February 10, 2020

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 -


Sunday, February 9, 2020

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 -




Thursday, February 6, 2020

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 -

Wednesday, February 5, 2020

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 -

Tuesday, February 4, 2020

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 -

Monday, February 3, 2020

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 -


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.

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...