Morning !
Yet again, NIFTY and BANKNIFTY corrected, but the zones mentioned by me were 8450-8380 and 19000-18800 respectively. This time again the correction anticipated from top were 300-350 points for NIFTY but again, the correction happened only for 200 odd points but the reversal that happened was immediate from 8543 for new high of 8824 as of now and for BANKNIFTY, it went down to 19096, which was 400 odd points from top of 19493 and for it also the reversal was immediate with a rise of almost 900 odd points.
In my post mentioned on 19th August:
Below are the wave counts for NIFTY
WAVE 1 : 6825-7777
WAVE 2: 7777-7516
WAVE 3: 7516-8728
WAVE 4: 8728- 8450-8350 POTENTIAL ZONE
WAVE 5: 8350-8450 TO 9150-9350 POTENTIAL
WAVE 3 is still going on and should end in zone of 8850-9000 POTENTIAL
WAVE 4 is yet to come which should be till 8650-8450 zone POTENTIAL
WAVE 5 : 8450-8650 zone to 9350-9550 POTENTIAL
I am posting wave counts for BANKNIFTY also:
WAVE 1 : 13407-16282 (29th February 2016 to 31st March 2016)
WAVE 2: 16282-15440 (31st March 2016 to 11th April 2016)
WAVE 3: 15440- 20000 to 20100 zone POTENTIAL
WAVE 4: 20000 to 20100 zone to 19000 to 18600 zone POTENTIAL
WAVE 5: 18600-19000 zone to 21500 to 22000 zone POTENTIAL
I mentioned that the reversal will be very fast, they were it is just that in NIFTY it reversed 150-200 points and in BANKNIFTY it reversed from 100-200 points before.
Please keep in mind these wave counts while taking positions.
Happy Trading !
Yet again, NIFTY and BANKNIFTY corrected, but the zones mentioned by me were 8450-8380 and 19000-18800 respectively. This time again the correction anticipated from top were 300-350 points for NIFTY but again, the correction happened only for 200 odd points but the reversal that happened was immediate from 8543 for new high of 8824 as of now and for BANKNIFTY, it went down to 19096, which was 400 odd points from top of 19493 and for it also the reversal was immediate with a rise of almost 900 odd points.
In my post mentioned on 19th August:
Below are the wave counts for NIFTY
WAVE 1 : 6825-7777
WAVE 2: 7777-7516
WAVE 3: 7516-8728
WAVE 4: 8728- 8450-8350 POTENTIAL ZONE
WAVE 5: 8350-8450 TO 9150-9350 POTENTIAL
WAVE 3 is still going on and should end in zone of 8850-9000 POTENTIAL
WAVE 4 is yet to come which should be till 8650-8450 zone POTENTIAL
WAVE 5 : 8450-8650 zone to 9350-9550 POTENTIAL
I am posting wave counts for BANKNIFTY also:
WAVE 1 : 13407-16282 (29th February 2016 to 31st March 2016)
WAVE 2: 16282-15440 (31st March 2016 to 11th April 2016)
WAVE 3: 15440- 20000 to 20100 zone POTENTIAL
WAVE 4: 20000 to 20100 zone to 19000 to 18600 zone POTENTIAL
WAVE 5: 18600-19000 zone to 21500 to 22000 zone POTENTIAL
I mentioned that the reversal will be very fast, they were it is just that in NIFTY it reversed 150-200 points and in BANKNIFTY it reversed from 100-200 points before.
Please keep in mind these wave counts while taking positions.
Happy Trading !
What you want to say actually?
ReplyDeleteare you saying that you were right in ur predictions or something else?
further anything for this expiry?
Neeraj: Want i have been saying is that this is an impulsive waves and i have already been mentioning since we broke 7777 on NIFTY that we are going for 9119+ levels, what i am trying to give as my estimated corrections in between, it has been twice or thrice that i have mentioned a correction of 300+ points, but it has happened for 200 odd points and reversed. These corrections were of lower degree to what i am still waiting for. The bigger picture for this wave started from 6825 is for sure above 9119 + levels for NIFTY and 21000 + levels for BANKNIFTY, the reversals also that i mentioned will be immediate and they were.I do not boast about my analysis,it is just that what i analyze i try to share it with everyone on a time to time basis and you would have noticed that i am always keeping everyone cautious to not enter at tops for any longs and also that no one gets trapped in the mild corrections that re happening over this journey on upside because major trend right now is up.
DeleteComing to future course of action i anticipate reversal from 9000 and though i anticipated reversal for banknifty from 20100 it went on to 20450, but my view is of again shorting for the final fall before making all time high and big crash.
DeleteUS and China swear ‘No currency race to the bottom’ #China #US, #Obama
ReplyDeletetalkstoday
Hi Matthew Deborah, just a quick question, where did you come to know about my blog?
Deletefrom blog suggest :)
Deleteok,so you are reporter/blogger for talkstoday.com
DeleteHi Abhi bhai. I do respect your views. Everyone has their own analysis and views. But at the end it's operators game. When BNF breaks above 19500 Ideal top which I was expecting is 20251 and hope you remember. But it went till 20575. For Nifty break above 8600, I expect 8850 and it went till 8961.
ReplyDeleteNow I too same on your view, before all time high of 9120 and 21000, there is crash but till 8666 in Nifty and 19600 in BANKNIFTY
Hi Abhi bhai. I do respect your views. Everyone has their own analysis and views. But at the end it's operators game. When BNF breaks above 19500 Ideal top which I was expecting is 20251 and hope you remember. But it went till 20575. For Nifty break above 8600, I expect 8850 and it went till 8961.
ReplyDeleteNow I too same on your view, before all time high of 9120 and 21000, there is crash but till 8666 in Nifty and 19600 in BANKNIFTY
thanks for enlighting us dear abhishek sir. sir... one final question... do you see nifty breaking below 8700 next week?
ReplyDeletethanks for enlighting us dear abhishek sir. sir... one final question... do you see nifty breaking below 8700 next week?
ReplyDeleteNeeraj: That is a tricky one to answer,u being a regular reader of my blog know that i have also been anticipating for this fall till 8650-8450 zone,RSI shows that yes the fall is there,point wise from 9000 there should be a fall. till 8750-8650,but timing is pretty important whether next week or 2 weeks, take small profits and come out of selective stocks.
Delete8699 & 19735 which is close to 8666 & 19600 as I mentioned. Abhi bro tnx much and I'm bit improved. Tnx for ur knowledge sharing
Delete@Manigandan: Anytime, i like when people use the knowledge that i share and spread further.
DeleteCheers
sir eagerly waiting for an update...
ReplyDeleteNeeraj: There is no new update as of now, let NIFTY complete WAVE 4 in zone of 8650-8450,probably only then i will put update for the upside targets of 9119+ levels like 9350-9550 or 9850.
Deleteohh great sir. waiting.
Deleteohh great sir. waiting.
Delete