Nifty & Bank Nifty Charts & Trades

After a good run up from bottom both index now at resistance zone

So attempting a Low risk high reward trades here.

Levels are posted in Charts itself along with reason to enter a trade.

All fut rates & charts

Nifty & Bank Nifty Charts & Trades

After a good run up from bottom both index now at resistance zone

So attempting a Low risk high reward trades here.

Levels are posted in Charts itself along with reason to enter a trade.

All fut rates & charts

Nifty Update

Nifty till now 8505

Trading in same diagonal since last posted.

Today gap up & now at 8590

Now wave counts showing 2 pictures

Nifty might be in ABC waves in which we are in wave C which minimum expectation coming at 8470 which is still pending.

Another one is Nifty down in 5 waves from 8806 which is Beginning of WaveC
 Till now yesterday move looks like wave iii completed at 8505 & wave iv running of a complex correction which must not break 8625 in any case to get the counts right.

Projection of wave v coming at 8479-8443 which might hit by Thursday or Nxt Monday..

TechM a nice setup formed

A  bullish ABCD pattern completed on Daily time frame

Now 417 must hold for upside

immediate resistance at 450 now

All future rates

Auro Pharma

Chart showing completion of wave-3 done at 882

Wave-4 running which can touch trendline support at 800 around

Wave-4 in ABC form in which wave-A done 882 to 785

Wave-B completed in a irregular correction pattern at 899

Wave-C running since which must break below 785 sooner or later

Bank Nifty 

 

Bankex falling in a diagonal shape in 5 waves since its recent Top from 20575.

Expecting 18877/18622 to completes its last wave-5

Unless otherwise it not crossing 19813 

All are spot levels

Nifty showing a new pattern

A down move in Diagonal shape

I cant say its a Flag but more similarities with Diagonal pattern

It may be a Broadening wedge or Gramophone pattern

What I am getting is a 5 wave down move with wave-4 completed at 8806

And Projection of Wave-5 coming at 8480-8393 range

Here waves are overlapping which is nature of Diagonal pattern