BANK NIFTY for date 22 sept
BANK NIFTY is on its way to complete b wave according to eliott wave theory.
and its next way is towards c wave which is boom in the downside direction
I have shown the expected downside targets of bank nifty on 15 min time frame
Remember c wave of correction is visible in 15 min,30 min,45 min,1hr,2hr,3hr time frames
You can imagine the validity of this correction since it is visible in multiple time frames
My anticipated targets according to fibonacci retracement levels are-
1)40350- According to 100% retracement level
2)39562- According to 161% retracement levels
so we can conclude that yet we have a long at least 1500 points downside rally to ride
since buying put is an better idea but go for 2week contracts at the least , as weekly contracts cannot absorb the high range volatility in coming week
other most important reason to trust this correction is because 23rd sept is a gann date
GOOD LUCK TRADERS !!! HAVE A GREAT PROFITABLE DAYS AHEAD
and its next way is towards c wave which is boom in the downside direction
I have shown the expected downside targets of bank nifty on 15 min time frame
Remember c wave of correction is visible in 15 min,30 min,45 min,1hr,2hr,3hr time frames
You can imagine the validity of this correction since it is visible in multiple time frames
My anticipated targets according to fibonacci retracement levels are-
1)40350- According to 100% retracement level
2)39562- According to 161% retracement levels
so we can conclude that yet we have a long at least 1500 points downside rally to ride
since buying put is an better idea but go for 2week contracts at the least , as weekly contracts cannot absorb the high range volatility in coming week
other most important reason to trust this correction is because 23rd sept is a gann date
GOOD LUCK TRADERS !!! HAVE A GREAT PROFITABLE DAYS AHEAD
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