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 -
Thursday, February 27, 2020
Tuesday, February 25, 2020
Bank Nifty as of 25th 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 31082-30338
C.2 30338->30610-30640(flat?)
C.3 30640->29896/29720
Long above 30535, short below 30368. Look for weakness near 30600+/-.
More low below 30336/30235 and high above 30650.
Bank Nifty Future -
Monday, February 24, 2020
Bank Nifty as of 24th 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 31082-30429
C.2 30429->30583(23.6%)/30679(38.2%)/30833(61.8%)
Long above 30535, short below 30415.
Bank Nifty Future-
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 31082-30429
C.2 30429->30583(23.6%)/30679(38.2%)/30833(61.8%)
Long above 30535, short below 30415.
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...
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Bank Nifty Spot - Bulls trying to cross 21400 and bears trying their best to keep them below this number. So staying above 21400 is crit...
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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. ...
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Bank Nifty Spot - Long above 22214, short below 21990. Bank Nifty Future -