aravindleo_99

aravindleo_99 Updated 

If we close below 1212.80 level on daily basis, then the possibility of testing 1060 and breaking that will lead to test 915.70 levels. To understand or use the Fibonacci indicator try this link below

aravindleo_99 Updated 

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

aravindleo_99

Hourly closing below 34418 can lead to new low in Bank Nifty

aravindleo_99

Hourly closing below 16262 can lead to down move towards new low

aravindleo_99

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.

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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.

aravindleo_99

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

aravindleo_99 Updated 

Watch out for these levels on monthly basis. If its not crossed expecting down move

aravindleo_99 Updated 

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.

aravindleo_99 Updated 

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.

aravindleo_99

Watch out for these levels and if it is held on weekly basis, then the upside target would be 78k to 80k. Looks like a shake out.

aravindleo_99

The possibility of reaching 2339 is open now. We may move up to close the gap and if we are not closing above 2449 then we may come down to 2339. But breaching 2319 and trading below is a down story.

aravindleo_99 Updated 

18458 is an important level to watch out for. If breached it can test 18385, 18243 else we will move to 18696. Even if 18458 is not breached we are about to waste some time around this area.

aravindleo_99

If 35467 is taken out then we are headed towards 37400 levels

aravindleo_99

LONG TERM VIEW: Hope the accumulation is done which can be confirmed by breakout above 260 and successful retest of it on monthly chart. Potential targets are 335, 650 and atlast 1900 and above. But if there is a breakout failure then it can test 211 and below levels also.

aravindleo_99

Long Term View: Close above 39144 on a monthly basis or not breaching the low of previous month takes us to the upside target of 45400. Immediate resistance is at 40566 to 40278. Lower level will be the support once the higher level is achieved.

aravindleo_99

Long term View: Close above 17700 on monthly basis will take NIFTY to 20090, 20457 and if that is also breached then 22777 and 23978. If there is no correction at this level then we can reach 27866 and 30000 and expect a good correction or long accumulation/distribution. Each lower level becomes support when an upper level is crossed.

aravindleo_99

Breakout of 7480 and successful retest of it will lead to upside targets of 8556 and 9632. But failure to break will lead to accumulation till 6149. Hope it breaks 7500 on the upside which is a multi-year resistance.