Monday, September 30, 2019
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
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.
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%)
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.
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.
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