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BANK NIFTY FUTURE FOR NOVEMBER

NSE:BANKNIFTY2!   BANKNIFTY INDEX FUTURES
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IN CONTINUATION TO MY LAST POSTS....... I AM GIVING BELOW FOR ALL YOUR REFERENCES THE WAY BNF MAY PAN OUT IN THE NEXT FEW DAYS.
1. WE ARE CURRENTLY IN A OF IV OF 5..... WHICH MEANS WE ARE IN WAVE IV OF LARGER 5, WITH IV SUBDIVIDING INTO ABC . A HAVING BEEN DONE AT 22200,B HAVING UNFOLDED UPTO 23800 ZONE, AND C IN UNFOLDING TO THE DOWNSIDE CURRENTLY.
2. IF WE LOOK AT THE SUPPORT LEVELS AS PER FIBONACCI, IT CAN BE SEEN THAT NIFTY SPOT HAS SUPPORTS AT 50% AT APPRXX 11460-530 ZONE. THIS RETRACEMENT IS THE RETRACEMENT OF THE ENTIRE RISE FROM 10790 - 12025. HOWEVER, BNF HAS A MUCH LOWER SUPPORT AT APPRXX 22700 ZONE, WHICH ALSO COMPLETES THE C OF IV OF 5.
3. THE PARADOX IS THIS, DO WE GO LONG AT NIFTY SPOT 11460-530 ZONE OR WAIT FOR BNF TO COMPLETE 22700????? THIS IS A QUESTION HARD TO ANSWER AS ONLY TIME AND EW WILL SHOW US. HOWEVER, IT MAY BE PRUDENT TO TAKE SOME LONG POSITIONS AT NIFTY SPOT ZONE N WAIT FOR A CONFIRMATION.
4. '''''''''' MOST IMPORTANTLY'''''''''''''....... IT MUST BE REMEMBERED THAT ONCE IV OF 5 IS COMPLETE, WE WILL GET INTO THE LAST LEG OF THE CYCLE FROM A SHORT/VERY MEDIUM TERM PERSPECTIVE. THE EUPHORIA PHASE TO MAKE ALL RETAILERS ENTER THE MARKET WILL HAPPEN NOW, AND THE REASON I SAY THIS IS BECAUSE SMALL/MIDCAPS HAVENT PARTICIPATED IN THE RALLY, RATHER THEY HAVE BEEN SLEEPING SINCE THE LAST 10 DAYS WITH FRIDAY BEING AN EXCEPTION..... YET YOU HAVE TO LOOK AT THE EXCEPTION/ CONTRARY VIEW TO SEE WHAT IS NEXT...... SMALL/MIDCAPS WILL RALLY NOW AND MAY GIVE ANYWHERE BETWEEN 15-20% ON THE UPSIDE, THUS THE BROADER MARKET WILL PARTICIPATE IN THIS RUN UP, AND WHEN THIS HAPPENS, METALS WILL SHINE THE MOST.THIS IS THE EUPHORIA PHASE OF THE MARKET AND WILL REWARD LONGS IN THE VERY SHORT TERM. HAVING SAID THIS, PLEASE DO REMEMBER THAT FROM A SHORT TERM PERSPECTIVE, DO NOT GET CARRIED AWAY.
5. AS PER MY OWN ANALYSIS, AND YOU ALL MUST DO YOUR OWN, NIFTY HAS AN IMMEDIATE TARGET AS FOLLOWS
A. 12140..... ABOVE AND SUSTAINING THIS
B. ALL TIME HIGHS..... 12420 +..... UPTO A MAXIMUM OF 12600
PLAY UR CARDS WELL IN THIS LAST LEG..... WISHING YOU ALL THE VERY BEST OF TRADING
PLAY YOUR CARDS WELL
Comment: ALSO THERE ARE THE FOLLOWING ''''' MOON CYCLE ''''' DATES APPEARING ON THE BELOW DAYS
1. 18/10/2020
2. 31/10/2020
3. 17/11/2020
Comment: I HOPE MY POST OF YESTERDAY HAS CREATED NO CONFUSION IN ANYONES MIND HERE. LET ME CLEARLY PUT IT ACROSS.
1. WE ARE IN'' b'' OF ii OF 5, WHICH MEANS THAT MINOR WAVE ii HAS SUBDIVIDED IN ABC,,, ''a'' HAVING BEEN DONE AT 12025 ON NIFTY, ''b'' CURRENTLY IN PLAY AND ''c'' YET TO UNFOLD..... WHEN ii OF 5 ENDS, WE WILL BE IN iii of 5, NOW REMEMBER THIS, WAVE iii IS ALWAYS THE MOST REWARDING WAVE IN ANY TIME FRAME AND ON ANY WAVE COUNT, PRIMARILY SINCE IT CANNOT BE THE SHORTEST WAVE. IT CAN BE EQUAL TO A, BUT CANNOT BE THE SHORTEST, HENCE CREATING LONGS FROM AN X TIME PERSPECTIVE WILL REWARD YOU HANDSOMELY.....
WHEN I WROTE YESTERDAY THAT BE CAREFUL AS THIS IS THE LAST LEG, I MEANT TO CAUTION YOU ALL ON 2 ASPECTS
1. C WILL REWARD YOU TREMENDOUSLY
2. WAVE 4 WILL KILL EVERYONE ON THE LONG SIDE WHEN IT UNFOLDS, AS IT IS THE MOST LETHAL WAVE. WAVE 4 IS ALWAYS VERY DIFFICULT TO MANAGE AS IT CAN TRUNCATE, IT CAN EXTEND ON THE DOWNSIDE ETC, HENCE MANAGING WAVE 4 IS ALWAYS VERY DIFFICULT. SO FROM A 1-2 YEARS TIME LINE PERSPECTIVE, IT IS BEST TO BUY IN CASH AND NOT LOOK AT THE STOCKS..... THE BILL RUN WILL LAST A COUPLE OF YEARS IF NOT MORE

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