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subhagghosh
Jan 6, 2022 11:22 AM

#BANKNIFTY View for next 2 days  

Nifty Bank IndexNSE

Description

🔸 Inverted Hammer in 1 HR TF in uptrend.

🔸 Evening start formation on 15 min TF

🔸 If we assume we are in ABC correction, Wave C can extend to 1.618 - 2.618 of WAVE A:- 36.451 & 35,647

🔸 The invalidation of Zig-Zag Correction will be over above 37,752

🔸 Better to avoid random longs, one is above 38K or once the WAVE C is completed.

Always trade what you see, not what you feel.

Regards,
SG
Comments
subhagghosh
37752
bkeswaran15
Sir please daily residents & support levels sir thanks sir your levels very Very great sir
subhagghosh
37,000 to 38,000 is zone of avoid trade, or trade to catch small moves.

500 to 800 directional movement outside this range.

Precise levels outside today's high or low:- 37,058 - 36,752
bkeswaran15
@subhagghosh, Thanks sir 🙏 happy your help
kapilberera
your views today please
subhagghosh
view got changes above 37750, what I mentioned.

I am positional long from 37,500 levels after today's mid days correction
Goutam5196
looks like it made an irregular b wave
sakulkarni0007
@Goutam5196, Monday gap down , right?
Goutam5196
@sakulkarni0007, very high chances
Bhusana
Thanks dada for the beautiful anlysis.
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