Bank Nifty opened flat at 30804, declined sharply just after opening and traded in 30765-30541 range rest of the day with volatile move and finally closed 152 points down at 30628. Friday, 30730-30672 was immediate support range and bounce towards 31036-31399 was expected as long as Bank Nifty trading above immediate downside breakeven point 30593. […]
Bank Nifty opened flat at 30983, register high 31032 and declined back again by more than 500 points to register day’s low 30508 and finally closed 361 points down at 30614. Friday, 31026-31108 was immediate resistance, 31399 was pattern negation point and decline below 30627 was expected without breaking above 31399. Trading strategy was to […]
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 […]
Bank Nifty opened lower at 31459, registered high 31546 and declined back again to register low 31257 and finally closed 302 points down at 31295. Yesterday, bounce towards 31870-32257 was expected with 31539 as immediate breakeven point. 31328-31266 was next short term support after 31539. Trend reversal was expected after break below 31266. Bank Nifty […]
Bank Nifty opened higher at 31711, declined sharply just after opening and register day’s low 31328 followed by sharp bounce till 31671 and finally closed 49 points down at 31597. Yesterday, one more bounce of 500-800 point was expected from immediate support range 31431-31266. Decline towards 30564-30292 was possible if breaks and stay below 31266. […]
Bank Nifty opened flat at 31234, declined to register low 31142 and bounced back again by more than 500 points to registered day’s high 31700 and finally closed 435 points up at 31647. Yesterday, 31003 was the immediate downside breakeven point and Bank Nifty was expected to bounce further above 31275 as long as trading […]
Bank Nifty opened higher at 30685, declined to register low 30564 and bounced back again by more than 700 points to registered day’s high 31275 and finally closed 803 points up at 31212. Friday, 30590 was the immediate upside breakeven point and Bank Nifty was expected to bounce towards 31074 and above if breaks and […]
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 […]
Bank Nifty opened higher at 30410, declined sharply just after opening to registered low 30268 but bounced back again by more than 350 points to register day’s high 30675 and finally closed 218 points up at 30526. Yesterday, 30406-30487 was the immediate resistance range with 30487 as immediate upside breakeven point. Bank Nifty was expected […]
Bank Nifty opened higher at 30862, registered new all time high 30926 but decline back again by more than 600 points to register day’s low 30274 and finally closed 475 points down at 30284. Yesterday, 30283-29947 was immediate support with 29947 as immediate downside breakeven point. Any downside reversal was expected after breaks below 29947 […]
Fresh Elliott Wave Analysis of Bank Nifty for 24 June 2019
Bank Nifty opened flat at 30804, declined sharply just after opening and traded in 30765-30541 range rest of the day with volatile move and finally closed 152 points down at 30628. Friday, 30730-30672 was immediate support range and bounce towards 31036-31399 was expected as long as Bank Nifty trading above immediate downside breakeven point 30593. […]
Bank Nifty Outlook and Trading Strategy for 17 June 2019
Bank Nifty opened flat at 30983, register high 31032 and declined back again by more than 500 points to register day’s low 30508 and finally closed 361 points down at 30614. Friday, 31026-31108 was immediate resistance, 31399 was pattern negation point and decline below 30627 was expected without breaking above 31399. Trading strategy was to […]
Elliott Wave Outlook and Trading Strategy of Bank Nifty for 31 May 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 […]
Fresh Elliott Wave Analysis of Bank Nifty for 30 May 2019
Bank Nifty opened lower at 31459, registered high 31546 and declined back again to register low 31257 and finally closed 302 points down at 31295. Yesterday, bounce towards 31870-32257 was expected with 31539 as immediate breakeven point. 31328-31266 was next short term support after 31539. Trend reversal was expected after break below 31266. Bank Nifty […]
Bank Nifty Outlook and Trading Strategy for 29 May 2019
Bank Nifty opened higher at 31711, declined sharply just after opening and register day’s low 31328 followed by sharp bounce till 31671 and finally closed 49 points down at 31597. Yesterday, one more bounce of 500-800 point was expected from immediate support range 31431-31266. Decline towards 30564-30292 was possible if breaks and stay below 31266. […]
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 […]
