Nifty/BankNifty

BankNifty count -

A)
27652-23606=4046
B)
23606+2023=25629(50.0%)
23606+2500=26106(61.8%)
23606+2978=26584(73.6%)
23606+3180=26786(78.6%)

 res. @ 25850-950 & has a target of 26558.

Nifty for 26/02/2018

I)   10303-10427=124
II)  10427-10342=85
III) 10342 -10xxx (10590-200%, 10667-261.8%)

i)   10342-10394=52
ii)  10394-10343=51
iii)
10343+156=10499(300.0%)
10343+188=10531(361.8%)
10343+208=10551(400.0%)
10343+240=10583(461.8%)

If NS open with a gapup and reaches near 10551 or 10583(with out any correction) then look for its retrace of 23.6 or 38.2% and then enter long again

if iii) @10583 then iv) 10526 or 10491
if iii) @10551 then iv) 10502 or 10471

10450 is the SL for all longs

So 10500-10475 is a good level to enter long (10450 stop loss) for any correction near 10551/10583 for wave v) targeting 10590+
For any short near 10570/80, 10591 is SL.

Nifty for 21/02/2018

Probable counts -

i)   10618-10512=106
ii)  10512-10612=100
iii) 10612-10303=309
iv)  10303-10423=120
v)   10423- ?
10423-120=10303(38.2%)
10423-195=10228(61.8%)

Nifty can bounce tomorrow near 10400, this level can be used to enter short, SL for short would be 10435.

Nifty for 20/02/2018

i)   10618-10512=106
ii)  10512-10612=100
iii) 10612-10303=309

iv)

10303+118=10421(38.2%) sl will be 10441
10303+191=10494(61.8%)

Nifty for 19/02/2018

Supports @ 10395-10405 and resistances – @10587-10628 (Sell on rises continues)

short BELOW 10470 or 10390
long near 10400 or 10490

Nifty for 14/02/2018

Supports @ 10395-10405 and resistances now – @10587-10628 (Sell on rises continues)

short below 10470 or 10590
long near 10400 or 10500

Nifty for 12/2/2018

short below 10410
long above   10480