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Fresh Elliott Wave Analysis of Bank Nifty for 30 May 2019

Fresh Elliott Wave Analysis of Bank Nifty for 30 May 2019

| May 29, 2019

Bank Nifty opened lower at 31459, registered high 31546 and declined back again to register low 31257 and finally closed 302 points down at 31295. Yesterday, bounce towards 31870-32257 was expected with 31539 as immediate breakeven point. 31328-31266 was next short term support after 31539. Trend reversal was expected after break below 31266. Bank Nifty […]

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Bank Nifty Outlook and Trading Strategy for 29 May 2019

Bank Nifty Outlook and Trading Strategy for 29 May 2019

| May 28, 2019

Bank Nifty opened higher at 31711, declined sharply just after opening and register day’s low 31328 followed by sharp bounce till 31671 and finally closed 49 points down at 31597. Yesterday, one more bounce of 500-800 point was expected from immediate support range 31431-31266. Decline towards 30564-30292 was possible if breaks and stay below 31266. […]

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Elliott Wave Outlook and Trading Strategy of Bank Nifty for 28 May 2019

Elliott Wave Outlook and Trading Strategy of Bank Nifty for 28 May 2019

| May 27, 2019

Bank Nifty opened flat at 31234, declined to register low 31142 and bounced back again by more than 500 points to registered day’s high 31700 and finally closed 435 points up at 31647. Yesterday, 31003 was the immediate downside breakeven point and Bank Nifty was expected to bounce further above 31275 as long as trading […]

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Fresh Elliott Wave Analysis of Bank Nifty for 27 May 2019

Fresh Elliott Wave Analysis of Bank Nifty for 27 May 2019

| May 26, 2019

Bank Nifty opened higher at 30685, declined to register low 30564 and bounced back again by more than 700 points to registered day’s high 31275 and finally closed 803 points up at 31212. Friday, 30590 was the immediate upside breakeven point and Bank Nifty was expected to bounce towards 31074 and above if breaks and […]

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29694 is Major Trend Reversal Point for Bank Nifty Between 28500-32500

29694 is Major Trend Reversal Point for Bank Nifty Between 28500-32500

| May 23, 2019

Bank Nifty opened gap up at 30962, bounced further by more than 700 points to registered new all high 31705 but didn’t sustain at higher level and declined back again by more than 1400 points to register day’s low 30292 and finally closed 117 points down at 30409. Yesterday, bounce towards 31138-32754 was expected but […]

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Bank Nifty Outlook and Trading Strategy for 23 May 2019

Bank Nifty Outlook and Trading Strategy for 23 May 2019

| May 22, 2019

Bank Nifty opened higher at 30410, declined sharply just after opening to registered low 30268 but bounced back again by more than 350 points to register day’s high 30675 and finally closed 218 points up at 30526. Yesterday, 30406-30487 was the immediate resistance range with 30487 as immediate upside breakeven point. Bank Nifty was expected […]

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Fresh Elliott Wave Analysis of Bank Nifty for 22 May 2019

Fresh Elliott Wave Analysis of Bank Nifty for 22 May 2019

| May 21, 2019

Bank Nifty opened higher at 30862, registered new all time high 30926 but decline back again by more than 600 points to register day’s low 30274 and finally closed 475 points down at 30284. Yesterday, 30283-29947 was immediate support with 29947 as immediate downside breakeven point. Any downside reversal was expected after breaks below 29947 […]

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Elliott Wave Outlook and Trading Strategy of Bank Nifty for 21 May 2019

Elliott Wave Outlook and Trading Strategy of Bank Nifty for 21 May 2019

| May 20, 2019

Bank Nifty opened huge gap up at 30230, bounced further by more than 600 points to register fresh all time high 30827 and finally closed 1309 points up at 30759. Yesterday, 29164 was immediate downside breakeven point/trend deciding level and any downside reversal was expected after break below 29164 only. No advanced or market hours […]

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Bank Nifty Outlook and Trading Strategy for 20 May 2019

Bank Nifty Outlook and Trading Strategy for 20 May 2019

| May 19, 2019

Bank Nifty opened higher at 28881, registered day’s low 28856 and bounced back by more than 600 points to registered day’s high 29559 and finally closed 594 points up at 29450. Friday, 28840 was the immediate downside breakeven point and Bank Nifty was expected to decline further towards 28667-28525 if breaks and stay below 28840 […]

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Fresh Elliott Wave Analysis of Bank Nifty for 17 May 2019

Fresh Elliott Wave Analysis of Bank Nifty for 17 May 2019

| May 16, 2019

Bank Nifty opened flat at 28625, registered day’s low 28525 and bounced back again by more than 400 points to registered day’s high 28947 and finally closed 238 points up at 28855. Yesterday, 28643-28699 was the immediate resistance range with 28699 as immediate upside breakeven point. Bank Nifty was expected to bounce towards 28932-29058 if […]

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