Bank nifty 21 Nov set uplooking at bank nifty its unclear that whether the rides of bull is over or yet to finish, I marked two lines to determine the confirmation whether it is a bull or bear
Indices
Complex correction in Bank Niftyas you can see a complex correction visible in bank nifty in its 4 the wave, only think we can do is to buy from the most appropriate area where our loss would be minimal even if it goese against our prediction
one can buy if price comes to the green area and the SL would be where the green area finish
Bulls still can ride in Bank Niftyas per the calculation there are still energy with bulls to ride more, and if price go above certain point then its clear case of indication real BULL run is yet to come
Bank nifty bullish for some timeBank nifty seems to be bullish for some time if my marking goese right then it would be bullish for at least some more time
Bank nifty Bearish or Bullish ?its quit unclear that what would be the BNF next move, if the price goese below the green line then down trend is confirmed
BNF is still UPBNF is about start its 5th leg of C wave (zixzag), HENCE we can expect some high in coming days
BANK NIFTY TILL NOW WEEKLYY CHART ANALYSIS Here I am trying to draw bank nifty weekly chart path from its origin by using elliottwave analysis. one can expand the chart for getting correct view of all the labelling
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Bank nifty BNF can go bit higher then a deep down trend can be expected unless it cross the Green line, if it cross the Green line then it means the current calculations is wrong and up trend is just begun.
nifty up or downmost probably nifty will go bit more high as per the chart , or it will be a clear case of long 5 wave towards down
nifty still bearishNifty is still seems like bearish, as you can see there are many more legs down pending to change the trend
nifty is with Bull for some time at leastas we can see nifty is going to be up till 38% of 4th wave retracement of larger digree or 50 % retracemnt .. if it cross the 50 % larger digree retracemnt then its confirmed that bull is going to paly in coming months
Nifty IT Sector is OverBought ??NSE:CNXIT
As per 5 Year chart View, Nifty IT is overbought @ 16739 (Levels Mentioned in Chart). But there are some chances that it could go to Range: 2 @ 18024. Downside Range will be @ 13780. I expect it will consolidate in these mentioned range. It shows us TCS, INFOSYS and some more IT stocks will be in consolidation. Ranges for stocks will be updated in next charts. Stay tuned for more updates :)
This chart is for analysis purpose. Think, Research and analyse before taking any decision.
Comprehensive anlyzed for BANKNIFTY.3 down spikes mentioned in the chart. Both spikes have the same measurement in numbers.
The pivot also has drawn and inner red control price is the first target.
Selling in value preferable for my strategy.
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Nifty Range for Tomorrow 9/7/19NSE:NIFTY
Nifty was 280 points down today and recovered 35 points on before closing. Line: 1(Mentioned in chart) was today low 11523. Tomorrow if Nifty Breaks 11520, Then Short till Line: 2 @ 11455. If tomorrow nifty haven't broke Line: 1. Then Buy and hold till Line: 3 @ 11650. So,If you are in buy side then breaking Line: 1 will be stoploss for Line: 3. if you are in sell side then breaking Line: 1 will be Stoploss for Line: 2.
Think, Research and Analyse your own before taking Decision.
Opening analysis for intranet and positional on NIFTYThe price following "co ntro l price" and in the starting nifty fall will give power by control price 11655 nearby as support.
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A 38% Fib. Retracement existed 11665.
News and Points to cover for today:
SGX Nifty (Jun 25) trading at 11,701.00 which is -15.00 -ve.
Gold rises to near 6-year high on dollar weakness, US-Iran tensions.
Rupee rises 23 paise to 69.35 against US dollar.
Oil prices steady, US-Iran tensions remain in focus.
There is not bigger new for India Markets .
