subhagghosh
Long

Expiry Special Analysis for 9th July'2020, #banknifty

NSE:BANKNIFTY   NIFTY BANK

#banknifty:- Nothing has changed, the structure is still bullish .

SL for all long trades:- 21,768

Decision Zone 22,832-22,752
Resistance Zone:- 23,000 - 23,100
Suupport Zone:- 22,374 - 22,442 / 22,022 - 22,170

52W H :- 32,613
52W L :- 16,116

38.2 % 22,428
50.0 % 24,365
61.8% 26,311

Wave 2 is 21,967 to 17,195, so 50% of this wave is 24,398 which coincides with 50% of the fall 24,365.

As per wave structure, the next logical target above 22,418 is 24,365.

Comments

I baught bank nifty options strike price 22500 9th July expairy at 580rs yesterday.. will it reach this price today?z
Reply
very nice, could you please explain wave structure? i am new here
Reply
@Nrnr786, pls go through Elliot wave theory on you tube first, Deepak Kumar book on Elliot wave is simple n good.
+1 Reply
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