Nifty Bank IndexShort
Bank Nifty on Elliott Waves
Bank Nifty on HTF is following the Elliott wave theory.
Basis the theory, a corrective wave is expected and that is exactly what the Option Data indicates as well.
However, trading against the trend isnt the best way and hence i suggest we wait for the Level shown on the chart before you invest.
This is my idea and for educational purpose only.
Let me know your thoughts and feedback in the comments section.
Basis the theory, a corrective wave is expected and that is exactly what the Option Data indicates as well.
However, trading against the trend isnt the best way and hence i suggest we wait for the Level shown on the chart before you invest.
This is my idea and for educational purpose only.
Let me know your thoughts and feedback in the comments section.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.