@ Prabhanshu Raman,The time factor will come into play now. If it does not go higher to make a new high, the correction would be more than 58 from 7781.
Master,Bank nifty levels pls
Foll were the waves on BNF.1. 14984 - 150402.15029-151053.15105 - 150554. 15044 - 150935. 15093 - xxxxxxx
BNF mean average @ 50% on these 4 waves is at 15060
After long time BN sustain above JNSar,
@Ilango Sir,RSI is sustaining in OB zone, which is a signature of 3rd wave. With firmness in broader market and huge retail investor participation, doesn't it indicate that we are in 3rd wave?Plz enlighten.
Mid Cap and Small Cap stocks are under performing to NIFTY. Is it possible to nifty to make higher levels and sustain there. Kindly give your views Elango sir
It was suggested 7750 to hold for newer highs.It was also suggested, at 12.24PM, that the time factor to resolve a minor ivth wave(holding 7750) to have a newer high...
@ Sonu,State the T/F..
I think the JNSAR numbers mentioned above are not correct. They have been shifted by 1 day. Pls check.
@ Squander Star,It is available both in EOD & Pre-market posts in Stock wealth
Looks like failed to make a new high NS
Banking stock getting strenght
Weak below 7760-65.
on BNF 15086 wud be crucial now
@Ilango Sir,Thanks. I was trying to clarify on the 2 EW options you shared. hourly RSI in OB zone. Nifty making higher highs and higher lows (also in hourly). Does it tell us that we are in 3rd?
@ Bhavin Naram,Thank you.I have corrected & updated.
Sir, still not able to make new high and able to save 7750..very confusing...
@ Sonu,The two options are for higher t/f- day & week.The current rise from 7540 has been so far a steady rise similar to the one from 7422 to 7841. Sub-waves are a bit difficult, though I have attempted to update them.
Finally a new high !!!
@ Prabhanshu Raman,Take a look at the chart above. Very less confusion.As updated earlier, the weakness below has been shifted higher to 7765.
BNF 25SMA @ 15159.60. so b careful here
Master,Bank Nifty looking for a Larger Retrace from 15417-14709 61.8 comes @ 15147 & 55DAY @ 15187. these two are the immediate resistance above this WKHEMA 15333 would be the target... am i right master pls guide
@ Squander Star,am i right master pls guide....Only market can guide you by way of holding "last rise retracements".You can only follow as long as certain critical levels are held.Good luck to you.
SLide on BNF upto 15105 and below possible now
Bering the last day of the week, WHEma, presently at 7766 is critical.
Thanks a lot master....Will stick by the rules...
BNF probabal RISE upto 15161 n FALL
@Unknown,Your comments are inclined towards predicting and not following.
BN minor intraday resistances from 15170 to 15180 by way of Day S2 @ 15179 and Week R1 @ 15170
MORE PRESSURE on BNF below 15105. 50% retrace of the current Wave being 15133. and 80% being 15161
New Post Done.
BNF below n sustaining ONLY BELOW 15105 will target 14992 and lower