Bank Nifty opened flat at 20907, registers low 20878, and bounced back again by more than 500 points to register day’s high 21467 and closed 381 points up at 21338. Friday, Bank Nifty was in the positive zone with support 20792-20646 and had possibility of bounce towards 21151-21415 if holds 20646. But staying below 20646 […]
Bank Nifty opened gap up at 20394, declined to registered day’s low 19729 but bounced back again by more than 1000 points to register day’s high 20866 and finally closed 1281 points up at 20681. Friday, Bank Nifty was expected to decline towards 18686-17143 in coming days without breaking high above 20324. Revision in pattern […]
Bank Nifty opened gap up at 19553, declined to register day’s low 19166 but bounced back again by more than 700 points to register day’s high 19988 and finally closed 967 points up at 19913. Friday, Bank Nifty was in negative zone and 19108-19698 was immediate resistance range. Bank Nifty was expected to decline towards […]
Bank Nifty opened gap up at 20801, bounced further to registered day’s high 21462 but declined back again by more than 1800 points to register day’s low 19580 and finally closed 355 points up at 19969. Friday, 19518-18967 was immediate support and 18967 was immediate downside breakeven point. Bank Nifty was in positive zone and […]
Bank Nifty opened huge gap down of 2006 points at 18311, bounced to register day’s high 18895 sharply after opening but declined back again by more than 2000 points to register day’s fresh low 16791 and finally closed 3399 points down at 16917. Yesterday, Bank Nifty was in negative zone as long as trading below […]
Bank Nifty corrected by more than 38% of its life time move in just 2 months and pattern on long term charts has been changed. So, it is the time of revise wave counts on all time frames again to get idea of further outlook and movement of Bank Nifty. We prepared last all time […]
It has been 09 months before I had prepared my last analysis report on all time frames, link to that analysis report is Fresh Elliott Wave Analysis of Bank Nifty on All Time Frame. So, this weakened I again decided to look at all time frames to revise wave counts. Let’s start from monthly chart. […]
Bank Nifty opened gap down at 31571, declined further to register day’s low 31445 and bounced back by more than 250 points to register day’s fresh high 31773 and finally closed 263 points down at 31590. Friday, 31851-32041 was immediate resistance range and Bank Nifty was expected to decline further towards 31051-30899 as long as […]
Bank Nifty opened lower at 32326, declined further by more than 300 points to register low 31960 and finally closed 374 points down at 32069. Friday, 32369-32311 was immediate support range and 32311 was immediate downside breakeven point. Bank Nifty was expected to decline towards 32134-31995 if breaks and stay below 32311 for more than […]
Bank Nifty opened flat at 32266, declined to register low 32199 but bounced back again by more than 200 points till 32443 and finally closed 143 points up at 32384. Friday, 32077-31944 was immediate support range and 31944 was immediate downside breakeven point. Bank Nifty was positive and expected to bounce towards 32748-33832 as long […]
Bank Nifty Analysis, Outlook and Important levels for 22 June 2020
Bank Nifty opened flat at 20907, registers low 20878, and bounced back again by more than 500 points to register day’s high 21467 and closed 381 points up at 21338. Friday, Bank Nifty was in the positive zone with support 20792-20646 and had possibility of bounce towards 21151-21415 if holds 20646. But staying below 20646 […]
Fresh Elliott Wave Outlook of Bank Nifty for 20 April 2020 Onward
Bank Nifty opened gap up at 20394, declined to registered day’s low 19729 but bounced back again by more than 1000 points to register day’s high 20866 and finally closed 1281 points up at 20681. Friday, Bank Nifty was expected to decline towards 18686-17143 in coming days without breaking high above 20324. Revision in pattern […]
Bank Nifty Levels and Trading Strategy for 13 April 2020
Bank Nifty opened gap up at 19553, declined to register day’s low 19166 but bounced back again by more than 700 points to register day’s high 19988 and finally closed 967 points up at 19913. Friday, Bank Nifty was in negative zone and 19108-19698 was immediate resistance range. Bank Nifty was expected to decline towards […]
Bank Nifty Analysis, Outlook and Important Levels for 30 March 2020
Bank Nifty opened gap up at 20801, bounced further to registered day’s high 21462 but declined back again by more than 1800 points to register day’s low 19580 and finally closed 355 points up at 19969. Friday, 19518-18967 was immediate support and 18967 was immediate downside breakeven point. Bank Nifty was in positive zone and […]
Fresh Elliott Wave Outlook of Bank Nifty for 24 March 2020 Onward
Bank Nifty opened huge gap down of 2006 points at 18311, bounced to register day’s high 18895 sharply after opening but declined back again by more than 2000 points to register day’s fresh low 16791 and finally closed 3399 points down at 16917. Yesterday, Bank Nifty was in negative zone as long as trading below […]
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 […]
