Tag: Bank Nifty Weekly Option Trading Strategy

Fresh Elliott Wave Analysis of Bank Nifty for 24 June 2019

Fresh Elliott Wave Analysis of Bank Nifty for 24 June 2019

| June 23, 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. […]

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Bank Nifty Outlook and Trading Strategy for 17 June 2019

Bank Nifty Outlook and Trading Strategy for 17 June 2019

| June 17, 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 […]

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Elliott Wave Outlook and Trading Strategy of Bank Nifty for 31 May 2019

Elliott Wave Outlook and Trading Strategy of Bank Nifty for 31 May 2019

| May 30, 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 […]

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Bank Nifty Outlook and Trading Strategy for 29 May 2019

Bank Nifty Outlook and Trading Strategy for 29 May 2019

| May 28, 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. […]

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Elliott Wave Outlook and Trading Strategy of Bank Nifty for 28 May 2019

Elliott Wave Outlook and Trading Strategy of Bank Nifty for 28 May 2019

| May 27, 2019

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 […]

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Fresh Elliott Wave Analysis of Bank Nifty for 27 May 2019

Fresh Elliott Wave Analysis of Bank Nifty for 27 May 2019

| May 26, 2019

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 […]

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29694 is Major Trend Reversal Point for Bank Nifty Between 28500-32500

29694 is Major Trend Reversal Point for Bank Nifty Between 28500-32500

| May 23, 2019

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 […]

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Bank Nifty Outlook and Trading Strategy for 23 May 2019

Bank Nifty Outlook and Trading Strategy for 23 May 2019

| May 22, 2019

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 […]

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Fresh Elliott Wave Analysis of Bank Nifty for 22 May 2019

Fresh Elliott Wave Analysis of Bank Nifty for 22 May 2019

| May 21, 2019

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 […]

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Elliott Wave Outlook and Trading Strategy of Bank Nifty for 21 May 2019

Elliott Wave Outlook and Trading Strategy of Bank Nifty for 21 May 2019

| May 20, 2019

Bank Nifty opened huge gap up at 30230, bounced further by more than 600 points to register fresh all time high 30827 and finally closed 1309 points up at 30759. Yesterday, 29164 was immediate downside breakeven point/trend deciding level and any downside reversal was expected after break below 29164 only. No advanced or market hours […]

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