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, […]
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 […]
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 Outlook and Trading Strategy of Bank Nifty for 13 August 2018 Onward
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, […]
Further Elliott Wave Analysis updates of Bank Nifty for 06 August 2018 onward
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 can give one more Bounce of 350-500 points soon
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 can bounce sharply towards 27187-27591 in coming days
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 […]
Elliott Wave Outlook and Trading Strategy of Bank Nifty for 16 July 2018 Onward
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 […]
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 […]
