Bank Nifty as of 4th Feb 2020

Bank Nifty Spot -

Long above 30750, more high above 30900. Short above 30620, more low below 30534.

Bank Nifty Future -

Bank Nifty as of 3rd Feb 2020

Bank Nifty Spot -

Wave counts -
1. 31029-30438
2. 30438-30919
3. 30919-29615 - subdivided in 5 waves
4. 29615->29923(23.6%)/30113(38.2%)/30421(61.8%)  - done @30105?

Bank Nifty should stay below 30438, low of wave 1.

Long above 30100, short below 29932.

Bank Nifty Future -

Bank Nifty as of 1st Feb 2020

Bank Nifty Spot -

Wave counts -
1. 31029-30438
2. 30438-30919
3. 30919->29853(200%)/29727(223.6%)/29649(2238.2%) - d0ne @29755
4. 29755->30030(23.6%)/30200(38.2%)/30474(61.8%)

3rd wave internally subdivided in 5 waves.

Tomorrow bank nifty may bounce to 30000+/-  as it's 4th wave and then fall back to 29500+/- to complete 5th wave.

Long above 29850, short below 29760. Watch 30050/30280 levels for reversal.

Bank Nifty as of 30th Jan 2020

Bank Nifty Spot -

Long above 30720, short below 30588/30520. More high above 30900.

Bank Nifty as of 27th Jan 2020

Bank Nifty Spot -


From height of 31374, looks like a 5 is in progress.
1. 31374-30927
2. 30927-31227
3. 31227-> 30780(100%)/30674(123.6%)/30609(138.2%)  - still in progress ?

Long above 30940,more high above 30990; short below 30840.

Bank Nifty Future -

Weak below 30810, short below 30740. Long above 30954.

Bank Nifty as of 23rd Jan 2020

Bank Nifty Spot -

Long above 31070, more high above 31150. Short on sustaining below 30930. Watch 31370+/- area for resistance and shorting opportunity.

Bank Nifty Future -

Bank Nifty as of 22nd Jan 2020

Bank Nifty Spot -

Long above 30780, more high above 31000. Short below 30650. If break down, look for 30550+/- level for bounce.

Bank Nifty Future -