Niftybank
Bank Nifty Trading Strategy for 20th Nov'2020#banknifty view on 20th Nov'2020.
Decision Zone: 29,030 to 29,150
Upper targets:- 29,368 / 29,620 / 29,914 / 30,220 / 30,515 / 30,702 / 30,998 / 31,180
Lower Targets:- 28,931 / 28,723 / 28,640 / 28,431 / 28,315 / 28,057
Trend Reversal levels:- 29,030.
Elliott Wave:- Wave 5 likely is complete until we cross 29,785 in the next few days.
If we have to assume wave 5 is complete and we are heading for an ABC correction, the problem is there is no way to calculate wave A until it's complete and then we can decide the rest of the movement, the same way we can't calculate wave 1 until it is completed.
SL for all positional long is 27,703
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Expiry Special Analysis for 19th Nov'2020.#banknifty view on expiry
Decision Line:- 29,608
Upper targets:- 29,914 / 30,220 / 30,515 / 30,702 / 30,998 / 31,180
Lower Targets:- 29,460 / 29,334 / 29,030 /28,799
Trend Reversal levels:- 29,030
Elliott Wave:- Wave 5 likely in progress:-
Wave 1 is 23,612.70 to 25,733.35 :- 2,160.65
Wave 5 starting point is 27,703.30
0.382 28,528 Done
0.5 28,783 Done
0.618 29,038 Done
0.78 29,388 Done
1 29,863 Pending
1.618 31,199 Pending
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 18th Nov'2020Decision Zone:- 28,971 to 29,030
Upper targets:- 29,180 / 29,343 / 29,624 / 29,791 / 29,850
Lower Targets:- 28,880 / 28,660 / 28,380 /28,380 / 28,180 / 28,030 / 27,830
Trend Reversal levels:- 28,520.
Elliott Wave:- Wave 4 (29,030.3 to 27,703) has completed at 27,703 ( 34% of Wave 3)
Wave 5 likely in progress:-
Wave 5 is typically 61.8%, 100%, or 123.6% of wave 4 or equal to wave 1
0.618 820 28,523 (Done)
1 1327 29,030 (Done)
1.23 1640 29,343
1.618 2147 29,850
Wave 1 (23613 -25773) is 2,160
Target of Wave 5:- 28,523 (DONE) / 29,030 (DONE)/ 29,343 / 29,850
Resiatance Zone:- 29,134 - 29,385
SL for all positional long is 27,703
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 17th Nov'2020Decision Line:- 28,520
Upper targets:- 28,660/ 28,880 / 29,000 / 29,180 / 29,340 / 29,850
Lower Targets:- 28,380 / 28,180 / 28,030 / 27,830
Trend Reversal levels:- 28,520.
Elliott Wave:- Wave 4 (29,030.3 to 27,703) seems to be completed at 27,703 ( 34% of Wave 3)
Wave 5 likely in progress:-
Wave 5 is typically 61.8%, 100%, or 123.6% of wave 4 or equal to wave 1
0.618 820 28,523 (Done)
1 1327 29,030
1.23 1640 29,343
1.618 2147 29,850
Wave 1 (23613 -25773) is 2,160
Target of Wave 5:- 28,523 / 29,030 / 29,343 / 29,850
Resiatance Zone:- 29,134 - 29,385
SL for all positional long is 27,550
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Banknifty Muhurat Trading 2020 strategy Banknifty Muhurat Trading 2020 strategy
Decision Line:- 28,520
Upper targets:- 28,660/ 28,880 / 29,000 / 29,180 / 29,340 / 29,850
Lower Targets:- 28,380 / 28,180 / 28,030 / 27,830
Trend Reversal levels:- 28,520.
Elliott Wave:- Wave 4 (29,030.3 to 27,703) seems to be completed at 27,703 ( 34% of Wave 3)
Wave 5 likely in progress:-
Wave 5 is typically 61.8%, 100%, or 123.6% of wave 4 or equal to wave 1
0.618 820 28,523
1 1327 29,030
1.23 1640 29,343
1.618 2147 29,850
Wave 1 (23613 -25773) is 2,160
Target of Wave 5:- 28,503 / 29,030 / 29,343 / 29,850
Resiatance Zone:- 29,134 - 29,385
SL for all positional long is 27,550
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 13th Nov'2020Decision Zone:- 28,338 - 28,380
Upper targets:- 28450,28600 and 28800
Lower Targets:- 28150,28000,27750 and 27600
Trend Reversal levels:- 28,520.
Elliott Wave:- Wave 3 is completed at 29,030 & Currently, we are in Wave of retracement
Wave 4 is typically 38.2% to 61.8% of wave 3
Wave 4 targets:-
1. 27,545 - 27,582
2. 27,086 - 27,105
3. 26,627 - 26,525
Resiatance Zone:- 29,134 - 29,385
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Expiry Special Analysis for 12th Nov'2020.Decision Zone:- 28,720 - 28,900
Upper targets:- 29,030 / 29,271 / 29,385
Lower Targets:- 28,620 / 28,400 / 28,378 / 28,220 / 28,020 / 27,935 / 27,472.
Trend Reversal levels:- 28,520.
Elliott Wave:- We might be in Wave 3 which has completed at today's high 29,030, or might move to 29,271.
Wave 4 will correct till 27,935 or 27,378.
Support Zone:- 28,180 - 28,285
Resiatance Zone:- 29,134 - 29,385
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 11th Nov'2020#banknifty Decision line:- 28,520 above long below short.
Uppper targets:- 28,635 / 28,736 / 28,870 / 28,990 / 29,092 / 29,271 / 29,385
Lower Targets:- 28,400 / 28,250 / 28,020 / 27,378
Positional Trend Reversal levels:- 27,075.
Elliott Wave:- We might be in Wave 3 which has completed at today's high or might move to 29,271.
Wave 4 will correct till 27,935 or 27,378.
Support Zone:- 28,180 - 28,285
Resiatance Zone:- 29,134 - 29,385
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 10th Nov'2020
BN range:- 27068.95 — 27595.00
All target except the last target (missed by 25 points) was completed.
Uppper targets:- 27,050 / 27,300 / 27,450 / 27,620
Decision line:- 27,450
No long trade as per my analysis only short trades:- Please don't hesitate to short now, all SL of short 28,500.
Lower Targets:- 27,900 / 27,750 / 27,550 / 27, 350 / 27,200 / 27,075/ 26,855 /26,727 / 26,643 ---
Harmonic Trade extension is 1.618% is 28,180
Gann Resistance :- 28,225
Demand & Supply Resistance:- 28,186 to 28,305
Positional Trend Reversal levels:- 27,075.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 9th Nov'2020Decision Zone:- 26,696 to 26,826 (NO Trade Zone) above positive & below short.
Keep zone low as SL with 5 min candling closing.
Uppper targets:- 27,050 / 27,300 / 27,450 / 27,620
Downsize targtes:- 26,532 / 26,404 / 26,280 / 26,040
The sell will only come below 25,891
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 6th Nov'2020Decision Line:- 26,221
Uppper targets:- 26,375/26,463/26,562/26,669/26,750
Downsize targtes:- 26,187/26,145/26,080/26,000/25,700/25,768
AB=CD setup completes at 26,775
Bullish Bat target is 26,676
Potential Reversal Zone:- 26,676 - 26,775
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Expiry Special Analysis for 5th Nov'2020.#banknifty:- Almost no change in view from yesterday to today
Decision Zone:- 25,670 - 25,923
Upside:- 26,150 / 26,300 / 26,500 / 26,790
Downside:- 25,384 / 25,211 / 25,054 / 24,823
Keep 100 to 120 points as SL.
Don't be short if BN crosses 26,311 then we are heading for 26,765/ 27,798 / 28,325 ( Yes 2000 point rally), but before this BN has to cross the multi-month supply zone.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 4th Nov'2020#banknifty:- Too Quick Rally to sustain and rasing wedge is not a good sign.
Decision Zone:- 25,670 - 25,923
Upside:- 26,150 / 26,300 / 26,500 / 26,790
Downside:- 25,384 / 25,211 / 25,054 / 24,823
Keep 100 to 120 points as SL.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 3rd Nov'2020#banknifty:-
Decision Line:- 24,775 above long & below short.
UpsideTgt 25,130 / 25,280 / 25,440 and 25,600
Lower Tgt 24,555 / 24,375 / 24,195 and 23,950
Keep 100 to 120 points as SL.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Bank Nifty Trading Strategy for 2nd Nov'2020#banknifty:-
Decision Line:- 23,964 above long & below short.
The move from 20,405 to 24,819 is complete an ABC correction is in progress, which gives a logical target of C at 23,150- approx.
The structure completes above 24,386 and the new up-move starts from there.
Price has stayed above the blue trend line 99% of the time during the last 4 weeks and it has been violated and closed weekly below this trend line, which is not good.
Buy Above 24036 Tgt 24132,24386,24,580 and 24727 (Bank Nifty Spot Levels) SL 23,880.
Sell below 23,805 Tgt 23668,23550 and 23420 (Bank Nifty Spot Levels) SL 24,036.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.