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yogi_sharma_elliottician
Nov 6, 2020 7:28 AM

Is Banknifty Unstoppable? Yes! Long

Nifty Bank IndexNSE

Description

Levels update. It will play in these levels. seems bullish for now.
Comments
james_bond000
well cheers mate. you won this round. though i am bearish ( would not buy anything ) as pfizer data came about the vaccine. so have a nice week . lol
yogi_sharma_elliottician
@james_bond000 haha, it was fun round, will play more rounds,lol. Enjoy!🙂
james_bond000
@yogi_sharma_elliottician, dont get me wrong this whole bull saga is short lived . may be another 3 days at max. hopefully it does not fall on the expiry day . but still the markets is very bullish and will turn more bullish tomorrow but that will make the bank nifty rally to approx 6000 ( 3500 till now and another 2500 in next few days ( at max ) ) but after that i expect a decent reversal atleat 31.4% even that accounts for 2000 point downfall.
yogi_sharma_elliottician
@james_bond000, I get what you're trying to say, I am expecting that it will touch 28000/28600, and it has a long way to catch nifty. Also, I trade on the both sides. Hope your expectation add more 2000 points in my bucket downside. Cheers!
james_bond000
haha. best of luck .
and happy diwali if you buy.
yogi_sharma_elliottician
@james_bond000 Genuinely happy diwali to you and your family even if you went short. 🙏 Happy trading!
james_bond000
@yogi_sharma_elliottician, hahaha cheers. but if you were long. spare yourself of the pain and abort.
banknifty have 3456 bull rally and its the straight 6th day. the longest rally bank nifty had was of 7 days and with too 2500ish points. you will see till this weeks expiry what i was talking. anyway . enjoy . buddy .
yogi_sharma_elliottician
@james_bond000, if you saw my previous idea, then I would like to tell you my entry was at 25300. Second, I just tell what charts try to tell, when it's time to short I will tell that too. Why worry from now and miss this rally for this week expiry?
james_bond000
@yogi_sharma_elliottician, that is ok . charts tells many things dont get me wrong. everyonne sees them not you. anyway i beleive in results and this is my proposition .we will end this week on bank nifty with close to 26000 .
yogi_sharma_elliottician
@james_bond000, Cheers and happy weekend. And thankyou, I will try to catch that fall, if falls.
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