ELLIOT wave count clearly shows that wave C5 is due for all indices like NIFTY,SENSEX,BANK NIFTY Make your positions comfortable.5th wave is more violent.the possible values counts are given c5 will end by this month.and only our Jetleyji can arrest up to 17600
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Most important BN,and nifty corrected for five days ending today,if you not see any corrections that may be final for this week,from tomorrow (Friday) both indices will go up (nifty 8558) and selling may start from there.cover it shorts if any today
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unfortunately AXIS BANK results were bad enough to pull down BN.first target 18978,second target 18780,but remember today the first half an hour trading is valuable
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1st target reached wait for 18813
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venkaticr
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Seems Bank Nifty Future is very strong in buy mode especially all the markets today are in negative. Something is fishy. Even FII are not buying, but both Nifty and BNF going up everyday.
selvamB
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@venkaticr, fine
When everybody thinks bullish we may get high price for selling
Bank nifty has a commitment upto19085(50℅)of entire fall like nifty achieved on friday
selvamB
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@selvamgeetha, you can check the selling figures in the evening,and this level is more and more important for institutional sellers because you won't come here for a while
venkaticr
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@selvamgeetha, Can you please update tomorrow movement in Bank Nifty Future? Will go near 19250 or fall upto 18800?
venkaticr
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@selvamgeetha, BN 19085.25 reached today and bounced to 100 points to 19205.
selvamB
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@venkaticr, as I already told you do not trade BN on weekly expiry Or Thursday.
Most important
BN,and nifty corrected for five days ending today,if you not see any corrections that may be final for this week,from tomorrow (Friday) both indices will go up (nifty 8558) and selling may start from there.cover it shorts if any today
venkaticr
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@selvamgeetha, Thanks. Presently not holding.
raghavendrakumart
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morning sir..in your C1 wave..wave 1 and wave 4 are overlapping :). Same with C1 and C4....which should not happen.
For me..I am not seeing the fall as a clean 5 wave from the top...but an abc-x-abc kind of correction.