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 […]
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 […]
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 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, […]
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 […]
Bank Nifty opened flat at 25742, traded in 25598-25822 range rest of the day and finally closed 33 points up at 25771. Friday, 25542-25348 was the immediate support and Bank Nifty was expected to bounce further above 25857, may be towards 26000-26200 in coming days. Otherwise, 25348 was the immediate breakeven point on downside and […]
Bank Nifty opened lower at 24771, decline further after opening by more than 400 points to register day’s low 24353 and finally closed 396 points down at 24421. Friday, 24860 was immediate breakeven point on upside. Bank Nifty was expected to bounce further towards 25127-25356 if breaks and manage to trade above 24860 continually for […]
Bank Nifty opened higher at 24596, registered low 24559 and bounced back again by more than 800 points to register day’s high 25371 and finally closed 794 points up at 25321. Yesterday, there was a possibility of Irregular Correction at top and Bank Nifty was expected to give one more bounce above 24759. Further, Bank […]
Bank Nifty declined by more than 4000 points within last 1 month (From 28-Aug-2018 to 05-Oct-2018) and decline is very sharp. Bank Nifty declined from all time high 28388 and registered low 24250 till now. And it has been 06 months before I had prepared my last analysis report on all time frames. So, this […]
Bank Nifty opened higher at 25135, traded in 24919-25354 range for rest of the day with volatile swings and finally closed 77 points up at 25119. Friday, 25173 was the immediate breakeven point on upside and Bank Nifty was expected to bounce towards 25452-25525 if breaks and trade above 25173 continuously for 15 minutes. Trading […]
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 […]
