Bank Nifty opened flat at 28295, registers day’s high 28305 and traded in 28151-28276 range rest of the day and finally closed 16 points down at 28257. Yesterday, I had mentioned that Bank Nifty is still positive as long as trading above immediate breakeven point 28114. So, bounce towards 28624-29171 was expected in coming days […]
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 […]
Bank Nifty opened flat at 28348, declined sharply just after opening to register low 28132 and bounced back again by more than 200 points to register new all time high 28378 but didn’t sustain at higher and declined back again to register day’s fresh low 28087 and finally closed 195 points down at 28124. Friday, […]
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 […]
Bank Nifty opened gap up at 27471, registers low 27448 and bounced back again by more than 350 to register day’s high 27723 and finally closed 339 points up at 27695. Friday, bounce for new all time high was expected either from present level or from 27292-27151 range with 27124 was pattern negation on downside. […]
Bank Nifty opened higher at 27497, registers low 27455 but bounced back again by more than 150 points to register new all time high 27661 and finally close 228 points up at 27634. Friday, I had mentioned that Bank Nifty is still in positive zone because pattern doesn’t seem completed yet and 27313-27230 was immediate […]
Bank Nifty opened higher at 27107, bounced further to register day’s high 27187 but failed to sustain at higher levels and decline by more than 350 points to register day’s low 26834 and close 127 points down at 26880. Yesterday, one more bounce for 27164 and above was expected with 26928 as breakeven point. Trading […]
Bank Nifty opened flat at 27046 and traded 200 point range between 26902-27102 with up down swings and finally closed 90 points down at 26935. Friday, I had mentioned that 26769 was good support on downside and 27300-27359 was good resistance on upside and Bank Nifty can give minimum 200-300 points decline without breaking higher […]
Bank Nifty opened flat at 26364, registered high 26371 and declined by more than 250 points to register low 26060 but bounced back again by more than 200 points till 26292 and finally closed 133 points down at 26230. Yesterday, 26310-26277 was the immediate support range on downside with 26161 as pattern negation point and […]
Bank Nifty opened flat at 26616, declined just after opening by more than 250 points to register day’s low 26336 and finally closed 178 points down at 26423. Yesterday, Bank Nifty was expected to bounce towards 26712 and above with 26546 as pattern negation point. Otherwise, there was a possibility of decline towards 26364-26224-26069 if […]
Elliott Wave Outlook and Trading Strategy of Bank Nifty for 18 February 2019 Onward
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 […]
Further Elliott Wave Updates of Bank Nifty for 28 January 2019 Onward
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 Can Decline Towards 26923 Very Soon
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 Outlook and Trading Strategy for 07 January 2019
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 […]
Elliott Wave Outlook of Bank Nifty for 31 December 2018
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 […]
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 […]
