Bank Nifty opened higher at 29749, bounced further to registered day’s high 29835 but didn’t sustain at higher level and declined back again by more than 550 point to registered day’s low 29244 and finally closed 330 points down at 29288. Yesterday, 29754 was immediate upside breakeven point. Bank Nifty was expected to bounce further […]
Bank Nifty opened higher at 30656, registered new all time high 30670 but didn’t sustain at higher level and decline back again by more than 500 points to register low 30142 and finally closed 307 points down at 30223. Thursday, Bank Nifty was expected to give a small/big decline [300-500 points] soon either from present […]
Bank Nifty opened higher at 29920, bounced further to register fresh new all time high 30008 but didn’t sustain at higher level and declined back again by more than 450 points to register low 29508 and finally closed 249 points down at 29582. Friday, 28789 was immediate downside breakeven point and Bank Nifty was expected […]
Bank Nifty opened higher at 27686, traded in 27645-27811 range rest of the day and finally closed 02 points down at 27761. Overall, it was a dull day up down swings. Friday, 27691 was immediate breakeven point on downside and there was a possibility of further decline towards 27492 if breaks below 27691 straightway without […]
It has been 05 months before I had prepared my last analysis report on all time frames chart. So, this weakened I again decided to look at all time frames to identify the changes and to conclude future possibilities. Friday, 26970 was the immediate breakeven point on downside and Bank Nifty was expected to decline […]
Bank Nifty opened higher at 27017, registered high 27029 and declined back sharply just after opening by more than 350 points to register day’s low 26635 and finally closed 176 points down at 26794. Friday, minimum decline towards 26818-26726 was expected and 27030 was immediate upside breakeven point. Trading strategy was to buy Bank Nifty […]
Bank Nifty opened flat at 27261, registers low 26242 and bounced back to register day’s high 27433 but didn’t sustain at higher level and decline back again by more than 350 points to register day’s fresh low 27045 and finally closed at 151 points down at 27115. Friday, one more decline towards 27142-27045 was expected […]
Bank Nifty opened higher at 27602, registered high 27612 but decline back again by more than 200 points to registers day’s low 27382 and finally closed 74 points down at 27453. Yesterday, decline towards 27161-26923 was expected very soon and 27754-27925 was resistance range. Trading strategy was to hold Bank Nifty 27200 Put of 17th […]
Bank Nifty opened flat at 26999, register day’s low 26929 and bounced back again by more than 350 points to register day’s high 27274 and finally closed 235 points up at 27195. Friday, I had mentioned that that there was a possibility of Irregular correction at top (15 Minute chart). So, Bank Nifty was expected […]
Bank Nifty again opened gap up at 27048, bounced further to registered day’s high 27213 and finally closed 246 points up at 27125. Friday, 26964 was immediate breakeven point on upside and Bank Nifty was expected to bounce further towards 27239 [which further can extends towards 27369-27603 in coming days] if breaks above immediate breakeven […]
Elliott Wave Outlook and Trading Strategy of Bank Nifty for 08 July 2019
Bank Nifty opened higher at 31523, traded in 31323-31660 with volatility and finally closed 03 points up at 31473. Friday, 31489-31415 was immediate support and 31415 was immediate downside breakeven point. Bank Nifty was expected to decline further towards 31105-31060 if breaks and stay below 31415 for 15 minutes. Trading strategy was Buying Puts if […]
Fresh Elliott Wave Analysis of Bank Nifty for 24 June 2019
Bank Nifty opened flat at 30804, declined sharply just after opening and traded in 30765-30541 range rest of the day with volatile move and finally closed 152 points down at 30628. Friday, 30730-30672 was immediate support range and bounce towards 31036-31399 was expected as long as Bank Nifty trading above immediate downside breakeven point 30593. […]
Bank Nifty Outlook and Trading Strategy for 17 June 2019
Bank Nifty opened flat at 30983, register high 31032 and declined back again by more than 500 points to register day’s low 30508 and finally closed 361 points down at 30614. Friday, 31026-31108 was immediate resistance, 31399 was pattern negation point and decline below 30627 was expected without breaking above 31399. Trading strategy was to […]
Elliott Wave Outlook and Trading Strategy of Bank Nifty for 31 May 2019
Bank Nifty opened lower at 31256, registered low 31236 but bounced back by more than 350 points to register day’s high 31619 and finally closed 241 points up at 31537. Yesterday, 31328-31266 was low risk buying range and bounce towards 31799-32134 was expected in coming sessions 31169 as Trend Reversal Point/Stoploss. Bank Nifty was weak […]
Fresh Elliott Wave Analysis of Bank Nifty for 30 May 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 […]
Overall outlook of Sun TV Network Ltd (SUTV) based on Elliott Wave Analysis
Sun TV Network ltd (SUTV) listed in 2006 but it registered its life time low 122 in November 2008, so its major wave cycle started from 122. This stock consolidated in 548-214 range for 01 year [2010 to 2011] but bounced sharply by more than 400% and registered its life time high 1098 in January […]
ICICI Bank Ltd (ICBK) has Good Potential for Long Term Investment
ICICI Bank Ltd (ICBK) is the stock which started its journey from low 03 [traded in price 03-43 from January 1999-2001) and bounced sharply by more than 600% after 2001 to register high 264 in 2008. Later, this stock corrected by more than 80% from 264-46 and bounced back again to register its fresh all […]
Jindal Steel and Power (JNSP) can Bounce above 135 in Near Term
Jindal Steel and Power (JNSP) stock is indicating a interesting Irregular Correction pattern at the end and giving a good trading opportunity for quick gains with low risk. So, today I am posting Elliott wave analysis of JNSP to explain the opportunity and pattern. Let’s have casual look at long term chart (monthly chart) of […]
