Bank Nifty as of 27th Feb 2020

Bank Nifty Spot -

Long above 30235, short below 30103.

Bank Nifty Future-

Bank Nifty as of 25th Feb 2020

Bank Nifty Spot -

Wave 'B' done @31082 - a 61.8% retrace of wave 'A'. Now 'C' has started keeping below 31082. This 'C' wave can target 29743(if 'A'='C').

Now in subwaves - If 1st of 'C' is in progress as per below -

C.1 31082-30338
C.2 30338->30610-30640(flat?)
C.3 30640->29896/29720

Long above 30535, short below 30368. Look for weakness near 30600+/-.
More low below 30336/30235 and high above 30650.

Bank Nifty Future -

Bank Nifty as of 24th Feb 2020

Bank Nifty Spot -

Wave 'B' done @31082 - a 61.8% retrace of wave 'A'. Now 'C' has started keeping below 31082. This 'C' wave can target 29743(if 'A'='C').

Now in subwaves - If 1st of 'C' is in progress as per below -

C.1 31082-30429
C.2 30429->30583(23.6%)/30679(38.2%)/30833(61.8%)

Long above 30535, short below 30415.

Bank Nifty Future-

Bank Nifty as of 20th Feb 2020

Bank Nifty Spot -

Wave 'B' done @31082 - a 61.8% retrace of wave 'A'. Now 'C' has started keeping below 31082. This 'C' wave can target 29743(if 'A'='C').

Now in subwaves - If 1st of 'C' is in progress as per below -

C.1.1 31082-30968
C.1.2 30968-31050
C.1.3 31050->30865(161.8%)/30822(200%)/30751(261.8%)/30708(300%)/30638(361.8%)


Long above 31037, short below 30875.

Bank Nifty Future -

Bank Nifty as of 19th Feb 2020

Bank Nifty Spot -

50% retrace of wave 'A'(if it is) is done @30930.  61.8% will be 31080, if  current up move is 'B' wave.

Long above 30882, short below 30780(confirmation 30720).

Bank Nifty Future -

Bank Nifty as of 17th Feb 2020

Bank Nifty Spot  -

Looks like 'A' wave done from 31599-30635(in 5 subwaves). Corrective 'B' wave may start holding 30635. Positive divergence formation in 15 mins chart??

Likely targets for 'B' wave are 30863(23.6%)/31003(38.2%)/31231(61.8%).

Long above 30797, short below 30637. If price sustain below 30790, go short.

Bank Nifty Future -

Bank Nifty as of 14th Feb 2020

Bank Nifty Spot -


Long above 30890, short below 30780. More low sustaining below 30650.

Bank Nifty Future -