Tag: Bank Nifty Target on 01 Jun 2017 Expiry

Further Elliott Wave Outlook of Bank Nifty after Achieving Target 22978

Further Elliott Wave Outlook of Bank Nifty after Achieving Target 22978

| May 26, 2017 | 3 Comments

Bank Nifty again opened slightly higher at 22573 and traded with huge strength for rest of the day. Bank Nifty bounce by more than 700 points to register new all time high 23267 and finally closed 654 points up at 23190. Bank Nifty was expected to bounce sharply above 22978 because of Complex Correction in […]

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Bank Nifty can Decline Further Towards 22578-22369 – Elliott Wave Analysis

Bank Nifty can Decline Further Towards 22578-22369 – Elliott Wave Analysis

| May 18, 2017 | 0 Comments

Bank Nifty opened lower today and bounced after opening to register high 22834 but didn’t sustain at those levels and decline back to register the low 22660 and finally closed 237 points down at 22698. Yesterday, a small or big decline was expected and Bank Nifty 18 May 22900 put bought at 70-75 on Tuesday […]

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Bank Nifty can Bounce Sharply Towards 22496-22625 Because of Ending Diagonal Pattern

Bank Nifty can Bounce Sharply Towards 22496-22625 Because of Ending Diagonal Pattern

| May 4, 2017 | 0 Comments

Bank Nifty again opened higher at 22445 and declined to register day’s low 22240 and finally closed 34 points down at 22307. Yesterday, 22296 was the stoploss for existing longs for minimum upside target 22641. Stoploss of 22296 was triggered because Bank Nifty declined further till 22240 to make Ending Diagonal Triangle Pattern and finally closed […]

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Elliott Wave Analysis Report of Bank Nifty for 27 April 2017

Elliott Wave Analysis Report of Bank Nifty for 27 April 2017

| April 27, 2017 | 3 Comments

Today Bank Nifty again opened higher at 22154 and declined sharply just after opening to register day’s low 21814 but bounced again by more than 200 points to register all time high 22276 and finally closed 188 points up at 22242. Yesterday, 21822 was the reversal point and stoploss for longs taken in range 21482-21396. […]

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Elliott Wave Analysis Report of Bank Nifty for 26 April 2017

Elliott Wave Analysis Report of Bank Nifty for 26 April 2017

| April 25, 2017 | 6 Comments

Bank Nifty bounced above 22000 and achieved our minimum target range 22033-22432 as I expected in my last analysis report of 19 April 2017. Our trading strategy was to buy Bank Nifty on decline towards 21482-21396 with stoploss some points below 21396. Bank nifty bounced after registering the low 21386 and registered all time high […]

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Bank Nifty can Bounce Sharply above 21946 in Short Term

Bank Nifty can Bounce Sharply above 21946 in Short Term

| April 19, 2017 | 14 Comments

Bank Nifty bounced sharply on Tuesday to register new life time high 21947 but failed to sustained at higher levels and declined back lost whole bounce same day. Low of Nifty was 21636 and 21671. I expected a bounce towards 22043-22442 in Bank Nifty in coming days and favoured longs with stoploss. Bank Nifty bounced […]

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Elliott Wave Analysis Report of Bank Nifty for 17 April 2017

Elliott Wave Analysis Report of Bank Nifty for 17 April 2017

| April 17, 2017 | 0 Comments

Bank Nifty opened red Thursday at 21651 and declined to register day’s low 21635 but bounced again by more than 100 points to register day’s high 21758 and finally closed 20 points up at 21686. For Wednesday, 21619 was the stoploss for longs taken on 10 Apr 2017 at 21511 for minimum upside targets of […]

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Elliott Wave Analysis Report of Bank Nifty for 12 April 2017

Elliott Wave Analysis Report of Bank Nifty for 12 April 2017

| April 11, 2017 | 1 Comment

Bank Nifty opened at 21521 and declined to register day’s low 21483 but bounced again by more than 200 points to register day’s high 21753 and closed at 21736. For Tuesday, 21448 was the stoploss for longs for minimum target 21697 which further can extend towards 22043-22442 and longs taken on 10 Apr 2017 at […]

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