As per trend line .. bank nifty should take U turn from here 23900-24000
First target 23200... If close below 23200 then next target 22400
If you see nifty carefully .. you will find a bearish Bat Pattern on daily chart.
This is my view .. its not a tip... manage risk reward and trade accordingly.
Nifty arrived in the box.. be careful here.. expecting huge down side ... 11200 -300 resistance zone.. I will try to short above 11200... with strict sl 11300. waiting for good short sign in daily candle then only short
Dont trade in over confidence i may be wrong in my view... ask to your financial advise before taking any risk.
Aurpharma has given good sign yesterday.. we can short this level
Short hold with sl of 830... target 660-50.. cmp 814
Risk reward 1:10 ... risk 15 point reward 150 points
Before jump in to trade ask your financial adviser.
I was expecting up move from 9800 now its very near to PRZ as per harmonic pattern.
Entry around 11200 sl 11300 target First 10050
5Th wave in weekly nifty has finished.. and now making ABC ... A has done 7500 around B is running and Waiting for Leg C.
Leg C should have also 5 Wave of elliott.
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This is not for trading .. its just my view..
everything is wrote in chart..
1) Bank nifty is near support which is 19k around. last 3 times it has bounced from there.
2) Trendline also support the level of 19k .. if you use Fibbo from 3rd Apr low to 30th Apr high .. you will get 0.618% retracement which is 19k around. (not draw in chart).
Nifty arrived near destination.... There is gap in previous chart (yelllow box)..
if nifty want to go more up then previous swing high (10161) it should break first and fall down to 9400.. then it can go..
else it should come down from here.. as per harmonic pattern AB= CD.
If this was the 5th wave.. then we can see 9000 also. which is 61.8% of previous swing retracement. There are few boxes for the support..
2020 will be 20-20... may be till Sep nifty will not asked to bounce(12400). there might be up and down move but main direction will remain down same as 2015.
Yes it should bounce from the 755-60 zone.. but below 750 there is huge deep.. so its better to use highly safety.
Expecting 860-70 in up coming days.. and will take u turn for big move of 725 and below it.
Lets see where it go
Nifty view suggested on chart.. in paste it has exactly taken u turn from top.. which was i expected. and take fir support 11880-900... now it should come again 12000 around.. and fall for 11800..
OR it may directly go to 11800 around also.. there is support. expecting overall market bullish for 12250-300 around.
It may hit 13000 and 10000 both doors open. 5th...