Monday, September 30, 2019

Nifty as of 30th Sept 2019

NS - long above 11510, short below 11415.



BNS - Long above 29270, short below 28890(29020??).


Saturday, September 28, 2019

Nifty as of 27th Sept 2019


Nifty Spot - long above 11585, short belo 11490.




BNS hourly chart


BNS 15 min chart - if  B.c is in in progress from 29763 in 5 waves then-

B.c.1    29763-30111=348
B.c.2    30111-29841=270
B.c.3    29841-30271(123.6%)/30322(138.2%)/30404(161.8%)



Bank Nifty Spot - Long above 30070(aggressive long above 29960), short below 29790


Thursday, September 26, 2019

Nifty as of 26th Sept 2019

Nifty Spot -

Long above 11590, short below 11550. \There is negative divergence is 15 mins chart. 

1.  10671-11694=1023
2.  11694-11416(or still in progress in A/B/C)

2.A   11694-11416=278(in 5 subwaves)
2.B   11416->11556(50%)/11588(61.8%)




BankNifty Spot -
Difficult to label current move from 29471, too many possibilities as below-

1.   26645-30795=4150
2.   30795-29471(done or only 'A' is done)

If downmove from 30795 is in A/B/C then
2.A  30795-29471
2.B  29471-30712
2.C 30712->29076(123.6%)

OR if 2.B is still in progress(in a/b/c) then
2.B.a  29471-30712
2.B.b  30712-29823
2.B.c  29823->30500/600(+/-)

Then 2.C will start towards 29000+/- . 

If 2nd wave is done and 3d started then -
3.1  29471-30712=1241
3.2  30712-29823
3.3  29823->31357(123.6%)/31538(138.2%) - strong above 30350


Long above 30120, short below 29920

Wednesday, September 25, 2019

Nifty as of 25th Sept 2019

NS - Short below 11414 more low below 11382. Long above 11494.

1.  10671-11694=1023
2.  11694-->11453(23.6%)/11303(38.2%) done at 11416??





BNS - Short below 29470 more slow below 29420. Long above 29830.

1.   26645-30795=4150
2.   30795->29816(23.6%)/29210(38.2%) done @29471??

Most probably 1-5 subwave  or a/b/c is done from 30795. So tomorrow if BNS does not break 29470/2940, it may start moving up.



Tuesday, September 24, 2019

Nifty as of 24th Sept 2019


NS - Short below 11560, more low below 11470, SL and long above 11640,strength above 11700.




BNS - long above 30400, short below 30025/30000.

1.   26645-30795=4150
2.   30795->30189(14.6%)/29816(23.6%)/29210(38.2%) done @29895??

If 2nd wave is in 5 subwaves, 1-4 are already done and 5th will move past 29895. So tomorrow if NS does not move past 30400, shorts can be taken on breaking 30025/30000.

If move past 30400, 3rd wave may start.

Monday, September 23, 2019

Nifty as of 23 Sept 2019


BNS - short below 11570, more low below 11470, SL and long above 11630.
More strength above 11700

If current up move from friday is first wave(in 5 subwaves). then -

1.  10671-11694=1023
2.  11694-->11545(14.6%)/11453(23.6%)/11303(38.2%)




BNS - long above 30640, more strength above 30800. Short below 30440

1.   26645-30795=4150
2.   30795->30189(14.6%)/29816(23.6%)





Saturday, September 21, 2019

Nifty as of 20th Sept 2019

Nifty daily chart -

Nifty hourly chart -


If it's B wave from 10637( in 3 wave) -

B.1  10637-11142
B.2  11142-10670
B.3  10670-> ?

Assuming B.3 is moving in 5 subwaves as -

B.3.1   10670-11381=711(divided in 5 subwaves as below in 15 mins chart)
B.3.2   11381-->(11213 23.6%)/11109(38.2%)

Is B.3.2 done @ 11238 or it will unfold in  'a','b','c'  as in below 15 mins chart -


If NS failed to cross 11350, it might fall and short can be taken or long entry can be made if 11350 crossed; keeping 11350 SL.

If open low and break 11240, enter short; 11240 will be SL and long entry point.

Check the wave formation of B.3.2.c if it starts from 11350



BankNifty Spot-

Fall from 31784 - 26561=5223
50%=29173, 61.8%=29789, 73.6%=30405

Rise from 26645-29417=2772
28763(23.6%), 28358(38.2%)/28031(50.0%), 27704(61.8%)

If current move is B wave(as that of Nifty sport) -

B.1  26645-29417=2772(in 5 subwaves)
B.2  29417->28763(23.6%)/28358(38.2%)
Done @28834  or it's just B.2.a and b and c are pending?



If open below or break 28890, short can be taken or at resistance 29373. Long above 29060.




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...