Tag: Bank Nifty Target for May 2019 Monthly Expiry

Elliott Wave Outlook and Trading Strategy of Bank Nifty for 31 May 2019

Elliott Wave Outlook and Trading Strategy of Bank Nifty for 31 May 2019

| May 30, 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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading