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 […]
Bank Nifty opened higher at 26331, bounced to register day’s high 26490 but didn’t sustain at higher and declined back sharply by more than 1400 points to register day’s low 25053 followed by sharp bounce till 26034 and finally closed 680 points down at 25596. Overall, it’s very volatile move with up-down swing. Overall, Bank […]
Bank Nifty opened gap down at 27002, declined sharply just after opening by more than 250 points to registers day’s low 26743 and finally closed 343 points down at 26820. Yesterday, there was a possibility of sharp move either towards 27552 (start of extended wave [5]) or towards 26555 (earlier low) in short term and […]
Bank Nifty opened higher at 27295, registers day’s high 27318 but didn’t sustain at higher and declined back again by more than 450 points to register day’s low 26772 and finally closed 394 points down at 26807. Yesterday, 27534 was immediate resistance on upside and 27073-26778 was the normal support range on downside from where […]
Bank Nifty opened lower at 27395, declined sharply just after opening by more than 250 points to register day’s low 27142 and finally closed 279 points down at 27201. Yesterday, 27534 was immediate resistance on upside and Bank Nifty was expected to bounce towards 27900-28388 in coming days if break and stay above 27534 continuously […]
Bank Nifty opened lower 27998 at and bounced to register day’s high 28157 but didn’t sustain at that higher level and declined back to register day’s low 27940 and finally closed 41 points down at 28061. Friday, Bank Nifty was still positive as long as trading above short term breakeven point 27725 with possibility of […]
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 […]
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, […]
Elliott Wave Outlook and Trading Strategy of Bank Nifty for 11 October 2018 Onward
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 […]
Elliott Wave Analysis of Bank Nifty on All Time Frame Charts dated 08 October 2018
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 […]
Elliott Wave Outlook and Trading Strategy of Bank Nifty for 01 October 2018 Onward
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 24 September 2018 Onward
Bank Nifty opened higher at 26331, bounced to register day’s high 26490 but didn’t sustain at higher and declined back sharply by more than 1400 points to register day’s low 25053 followed by sharp bounce till 26034 and finally closed 680 points down at 25596. Overall, it’s very volatile move with up-down swing. Overall, Bank […]
Bank Nifty can touches 28000-28388 range before 27th September 2018 Expiry
Bank Nifty opened gap down at 27002, declined sharply just after opening by more than 250 points to registers day’s low 26743 and finally closed 343 points down at 26820. Yesterday, there was a possibility of sharp move either towards 27552 (start of extended wave [5]) or towards 26555 (earlier low) in short term and […]
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 […]
