BankNifty follows the same time cycles of that of Nifty. BankNifty for past couple of days had been underperforming Nifty and is a perfect shorting candidate.
However do not be in a hurry, short it on Tuesday, 10th Jan, once I confirm Nifty has completed its current running Timewave.
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As Nifty and banknifty follows the same timecycle and as I had updated today at 15:00 in my Nifty's idea that its now up till 12th jan, same applies to BankNifty as well. Short it now on 12th only after I confirm on Nifty's analysis. Please follow my Nifty analysis and apply the same to BankNifty henceforth. Thanks!
I am working in IT but too much interested in Stocks and Technical analysis.
Regards,
nandha
pankajvw
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@jayanandha, Glad to hear that as I am also a software engineer in an MNC. I too started with technical analysis, but my view on it is negative.
Sathaiah
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Can u help us here confirmation means in timewave how to understand. If banknifty follows the same as Nifty, u said Nifty will go upside on 10 and even 11th also, then how Banknifty can be short candidate. Will u inform us if short is initiated or how it to understand.
pankajvw
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@Sathaiah, Yoy are absolutely correct, what I said was wait for my confirmation, and in Nifty's analysis today at 15:00 around I updated now its up till 12th Jan. As BankNifty also follows the same timecycle, it too is up till 12th now.
Sathaiah
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@pankajvw, You use numerology or astrology or on what subject this theory works i could not understood, i have joined u on telegrame just now, please update me your view on banknifty and nifty. thnks
How to learn this Time wave analysis.?
Is this applicable for Stocks as well?
Regards,
nandha