Bank Nifty as of 20th Feb 2020

Bank Nifty Spot -

Wave 'B' done @31082 - a 61.8% retrace of wave 'A'. Now 'C' has started keeping below 31082. This 'C' wave can target 29743(if 'A'='C').

Now in subwaves - If 1st of 'C' is in progress as per below -

C.1.1 31082-30968
C.1.2 30968-31050
C.1.3 31050->30865(161.8%)/30822(200%)/30751(261.8%)/30708(300%)/30638(361.8%)


Long above 31037, short below 30875.

Bank Nifty Future -

Bank Nifty as of 19th Feb 2020

Bank Nifty Spot -

50% retrace of wave 'A'(if it is) is done @30930.  61.8% will be 31080, if  current up move is 'B' wave.

Long above 30882, short below 30780(confirmation 30720).

Bank Nifty Future -

Bank Nifty as of 17th Feb 2020

Bank Nifty Spot  -

Looks like 'A' wave done from 31599-30635(in 5 subwaves). Corrective 'B' wave may start holding 30635. Positive divergence formation in 15 mins chart??

Likely targets for 'B' wave are 30863(23.6%)/31003(38.2%)/31231(61.8%).

Long above 30797, short below 30637. If price sustain below 30790, go short.

Bank Nifty Future -

Bank Nifty as of 14th Feb 2020

Bank Nifty Spot -


Long above 30890, short below 30780. More low sustaining below 30650.

Bank Nifty Future -

Bank Nifty as of 13th Feb 2020

Bank Nifty Spot -

Long above 31305, short below 31156. Staying below 31200 will be negative.

Bank Nifty Future -

Bank Nifty as of 12th Feb 2020

Bank Nifty Spot -

Long above 31533, short below 31442.

Bank Nifty Future -

Bank Nifty as of 11th Feb 2020

Bank Nifty Spot -

Long above 31380, short below 31250.

If corrective A wave started from 31504 in 5 subwaves, iii can target 31180/31127/31096/31047

Bank Nifty Future -