padiyaraa
Long

BANK NIFTY: 20876 Above 20850 it can go 20930 & 21026 Below 2085

NSE:BANKNIFTY   NIFTY BANK
212 views
5
212 4
Above 20850 it can go 20930 & 21026
Below 20850 support 20680 & 20462

Trend Line support marked 20462 must be the Stop loss for long. Remain bullish in intermediate to minor term until it turn around with a minimum 38% loss of the total gain. Below that one can logically think a bearish view. But minute, minuttee, and lower time frames may whiteness corrections.


Feb 26
Comment: Venkat:
are you sure? will the nifty goes even higher in March expiry? I thought some correction required before upward movement. also in bank nifty future.

@venkatcr
Dear friend your concern is valid, a correction is inevitable and it is every time required for the healthy movement of any speculative market. What I am posting here is a pure technical view based on the visual analysis based on chart and indicators with different values, like pivots, retracement etc. This is not for any marketing idea. So unlike other market men, I am posting this in advance without waiting for the clues in the morning for the viewers reference. The market is waiting for many news and event. Like I posted in NIFTY daily call, it is GDP, car sales etc etc. I am not bothered….
Now it is up to you to study the thing with a new perspective, and take whatever fine and reject whatever unwanted in it.
Now everyone here can understand how unpredictable is the market is. I need you all as my good friends, and correct me when I am going wrong. Together we can Build confidence and trade better.
Feb 26
Comment:
Here the internal (grey)structure of wave 3(pink) of 5 (violet) of 3 (blue) doesn't looks completed. Labeled in grey ,these are having internal waves as the grey 5th doesn't comply the wave 3 ratio, since it may be still going on. not sure.

so, if this structure is completed, then we may see correction up to 38% as marked.
19700 may be. But there is no tiredness in signals or in moving averages. just look at them.
Feb 27
Comment: Bank nifty just meet the support 20670 and showing supported, hope it will support here, then it is a positive sign, let us see how it conclude in the closing. if 20462 level is protected, can expect bull move.

Comments

I agree with you 100%. But as you agree any good rally need some small correction and major correction on some bad news. Here no technical or fundamental will play any role on the price movement. Sharp fall and good support will break within a short period of time and if the market is strong and more buy from FII then the bounce back also will be steep. Here nobody can short at top or buy at bottom price. As the market rallied continuously and fresh March expiry is beginning another good rally is fine with some good correction. Hence my views that may be next week market may correct. I may be wrong but in that case please correct.
Reply
padiyaraa venkaticr
@venkaticr,

Here the internal (grey)structure of wave 3(pink) of 5 (violet) of 3 (blue) doesn't looks completed. Labeled in grey ,these are having internal waves as the grey 5th doesn't comply the wave 3 ratio, since it may be still going on. not sure.

so, if this structure is completed, then we may see correction up to 38% as marked.
19700 may be. But there is no tiredness in signals or in moving averages. just look at them.
Reply
Right Sir
Reply
padiyaraa pranshusingh
@pranshusingh,
Thanks
Reply
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