The performance or price of gold might determine the future price of DJI/Equities. It looks like it is 'on the balanced state and Can stay there for some time. Meaning, the ratio can be the same, prices of both Gold and equity can rise/fall at more/ less the equal percentage.
1. If the ratio remains the same, then the rise/ fall in both Gold &...
Expecting one more push on the upside and when position can be taken after a 15 min reversal below 35715. If there is no sharp reversal then no trade.
To get the Fibonacci level indicator try this link
BANK NIFTY for couple of days (17679 to 17280). Expecting it to move up for wave b which would be around 50% or 61.8% of wave a and completes wave b and then goes down to complete wave c around 17280 where wave a is equal to wave c.
BANK NIFTY for couple of days (39142 to 37900). Expecting it to move up for wave b which would be around 50% or 61.8% of wave a and completes wave b and then goes down to complete wave c around 37900 where wave a is equal to wave c.
Expecting any one of the three setups to workout or it may move differently. The expected setup is for Budget 2022 happening on 01-Feb. will update as the days progress.. Need huge shorts i.e call writing for any blast to the upside
BNF has done 61.8% retracement from the low of 19-Apr to the high of 25-Oct (6 months). If the current low of 34345 is held then I am expecting a min 50% retracement till 37722. Finally the 33398 is the (23.6% retracement from Mar20 low to Oct21 high) LOC for bulls.
If yesterday's low is held, which is 61.8% of the entire raise from the 18-Jun low to the high made on 19-Oct, then I am expecting a 50% retracement till 17472. On the upside the 16900 - 17150 might pose some resistance.