Bank Nifty as of 29th Nov 2019

Bank Nifty Spot -

Resistance zone - 31990-32005, Support zone - 31840-31825. Shorts can be taken below 31900, more low below support zone. Long above 32005 only.

If correction started from 32156 then counts are as -
A. 32156-31774
     i)   32156-31970
     ii)  31970-32027
     iii) 32027-31791(~ 12.36%)
     iv) 31791-31929
     v)  31929-31774
B. 31774- 32006(done?)
     a)   31774-31956
     b)   31956-31900
     c)   31900-32006
 Or it's just 'a',  'b' will target 31825+/- and 'c' back to 32000+/- and then C will start?

If B is done then C to target appx 31624 +/- ?


OR if this is 3rd wave from 31056(as per previous post),
then  subwave (i) is done at 32156(689 points), (ii) is in progress (done if trade above 32006) and can target appx 31730(61.8%)/31669(70.7%)/31614(78.6%)

Moreover looks like corrections will be short till 31600+/-. and then it till start moving upside. Above 32000 Bank Nifty will rock.

Bank Nifty as of 27th Nov 2019

Bank Nifty Spot -

Negative divergence still visible on hourly chart.

Wave counts from 31056 - 

1. 31056-31813=757
2  31813-31467
3  31467->32403(123.6%)/32513(138.2%)/32692(161.8%)


3rd wave subdividing further as -
3.i    31467-31893=426
3.ii   31893-31735=158(~38.2%)
3.iii  31735->32262(123.6%)/32424(161.8%)/32587(200%)/32668(223.8%)

Long above 31920, short below 31840-31800. More low below 31750.



Nifty Spot - Long above 12120, short below 12070.

Bank Nifty as of 26th Nov 2019

Bank Nifty Spot -

Negative divergence on hourly chart.

From 31056 a 5 wave finished @31850(though 1st and 2nd wave count aren't accurate)?
Or is 1st finished @31813, 2nd @31467 and 3rd started?

Long above 31750-31770, short below 31667, more low below 31560.

Nifty Spot - Long above 12072, sell below 12025.

Bank Nifty as of 22nd Nov 2019

Bank Nifty Spot - 

Short below 31080-31060. If 30930 broken more downside possible till 30757.
Long above 31230(or 31175) upto 31361, more height possible above 31361 till 31661.

1. 27568-28858=1290
2. 28858-27737
3. 27737-31205=3468(>261.8%)
4. 31205-30338
5. 30338-31469(done?) -- 31196(23.6%)/31727(38.2%)

If 5th (in 5 subwaves) finished @31469 and correction has started then count for wave A are as-

i)    31469-31242
ii)   31242-31462
iii)  31462-31057(done?)
iv)  31057-31174(done?)
v)   31174-31077(done?)

Is A wave finished (if iii/iv/v are done) or only iiird done and iv th in progress?? and vth to start below 31086?

Nifty Spot - Long above 11960, short below 11890.

BankNifty as of 21st Nov 2019

BankNifty Spot - Long above 31430, short below 31303(more below 31265).

Nifty Spot - Long above 1194, short below 11950.

BankNifty as of 20th Nov 2019

BankNifty Spot -

A five might have done from 30340.  If correction has started from 31469 and  it breaks 31260-30, more corrections is likely(appx 31100).

Short below 31260-30, ,ong above 31421

Nifty Spot - Long above 12024, short below 11980

Bank Nifty as of 19th Nov 2019

Bank Nifty Spot - Long above 31260, short below 31180-60.