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 […]
Bank Nifty opened lower at 26457, declined further by more than 150 points to register low 26284 but bounced back again by more than 180 points till 26481 and finally closed 66 points down at 26451. Friday, there was possibility of further bounce towards 27164 in coming days and Bank Nifty was expected to decline […]
Bank Nifty opened flat at 26263, registered high 26342 and declined back again by more than 250 points to register day’s low 26069 followed by a bounce of almost 220 points and finally closed 6 point down at 26251. Yesterday, I had mentioned that 26103-25988 was support range on downside. So, Bank Nifty can bounce […]
Bank Nifty opened higher at 25780, further bounced to register day’s high 26945 but didn’t sustain at that level and decline back again by more than 200 points to register day’s low 25701 and finally closed 26 point up at 25777. Yesterday, I had mentioned that Bank Nifty was still in negative zone with 25913 […]
![Elliott Wave Analysis of Bank Nifty on All Time Frame Charts [ Dated : 01-April-2018 ]](http://ewanalyst.com/wp-content/uploads/2018/04/02-April-Monthly-150x150.png "Elliott Wave Analysis of Bank Nifty on All Time Frame Charts [ Dated : 01-April-2018 ]")
Bank Nifty declined by more than 4000 points within last 2 months (From 29-Jan-2018 to till date) and decline is sharp and impulsive which started from high 27652 and registered low 23605 till now. And it has been 2 months before I had prepared my last analysis report on all time frames. So, this weakened […]
Bank Nifty opened lower at 24133, registered low 24110 and bounced back again to registered high 24355 but didn’t sustain at that level and declined back again by more than 250 points to register low 24082 and finally closed 76 points down at 24168. Yesterday, I had mentioned that for short term Bank Nifty still […]
Elliott Wave Outlook and Trading Strategy of Bank Nifty for 10 December 2018
Bank Nifty opened higher at 26307, registers low 26252 and bounced back again by more than 400 points to register day’s high 26659 and finally closed 396 points up at 26594. Friday, Bounce of about 300-560 points was expected after completion of an impulse started from 27037 and 26149-26011 was the immediate support with 26011 […]
Elliott Wave Analysis Report of Bank Nifty for 03 December 2018
Bank Nifty opened higher at 27009, registered high 27012 and declined back just after opening by more than 200 points to register low 26764 and finally closed 76 points down at 26862. Friday, Bank Nifty was in positive zone as long as trading above immediate breakeven point 26780. Bank Nifty was expected to fall further […]
Fresh Elliott Wave Analysis of Bank Nifty for 26 November 2018
Bank Nifty opened lower at 26233, bounced to register day’s high 26323 but didn’t sustain at higher level and declined back again by more than 350 points to register low 25947 and finally closed 262 points down at 25999. Thursday, 26227 was the immediate breakeven point on downside with 26213 as pattern negation point. Bank […]
Bank Nifty can Decline by 450-700 Points Before 26431
Bank Nifty opened higher at 26205, bounced further to registered day’s high 26332 but declined back again to register day’s low 26122 and finally closed 90 points up at 26245. Friday, there was possibility of a small or big correction very soon. A minimum 600-900 points correction was expected without breaking higher above 26389. Otherwise, […]
Elliott Wave Outlook and Trading Strategy of Bank Nifty for 15 November 2018 Onward
Bank Nifty opened gap up at 25952, declined sharply just after opening to registered low 25814 and bounced back to registered day’s high 26045 but declined back again to register day’s fresh low 25806 and finally closed 161 points up at 25930. Overall it was up down swing move. Yesterday, bounce towards 25910-26236 was expected […]
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 […]
