Update on Nifty-Spot and Bank-Nifty-Spot:

NS made Swing High of 10929.20 on 15/5/18 and thereafter made Swing Low of 10417.80 on 23/5/18. NS gave opportunity to sell between 10674-10734 as per Retracement Levels and made HIGH of 10717.25 on 29/5/18 and closed below earlier close and re-started downward move. Targets as per retracement may be up to 10277, 10102 and 9590, being 127.6%, 161.8% and 261.8%.

BNS made Swing High of 26972.05 on 15/5/18 and therafter made Swing Low of 25622.15 on 23/5/18. BNS gave opportunity to short 26500+ during 28/29- May 2018 and closed lower to re-start downward journey. Targets may be 25250, 24788, 23438 as per above methodology.

However, SL may be kept at recent HIGH made plus few points - NS 10725/740. and BNS 26725/750.

So get ready for more panic in markets very soon.

Latest Update on NS and BNS with REVISED Levels at EOD::

NS has fallen from 10929.20 on 15/5/18 to 10589.10 today.

There is opportunity to SHORT on Rise between 10750 t0 10800 with SL at 10860+.

10670 if crossed, would invite short-covering and one may look for Short near levels shown above.

Downside targets may be near 10495, 10380 and ultimately till 10050.

BNS has fallen from 26972.05 on 15/5/18 to 25839 which looks support nearby. 26020 if crossed will invite Short-covering and one may sell near above levels shown.

The opportunity may come to SHORT near 26400-26540, with SL 26750, for downside targets of 25500, 25150 and ultimately till 24000.

The trigger point may be the unfavorable outcome of court-drama about Karnataka elections and post-election developments. Ifs and Buts apply everywhere.

Latest Update on NS and BNS::

NS has fallen from 10929.20 on 15/5/18 to 10631.15 today, where one may LONG with SL of 10600.

Another opportunity is to SHORT between 10780 t0 10815 with SL at 10870+.
10695 if crossed, would invite short-covering and one may look for Short near levels shown above.
Downside targets may be near 10550, 10450 and ultimately till 10150.

BNS has fallen from 26972.05 on 15/5/18 to 25882.65, which looks vulnerable and may also lead NS on downside. 26030 if crossed will invite Short-covering and one may sell near above levels shown.

The opportunity may come to SHORT near 26425-26550, with SL 26750, for downside targets of 25580, 25200 and ultimately till 24120.

The trigger point may be outcome of court-drama about Karnataka elections and post-election developments. Ifs and Buts apply everywhere.

Trend reversing?

Following message was uploaded in morning first hour.

NS - Sell on Rise between 10770-80 with SL of 10810 at Close level. More weakness evident below 10720. 
BNS- Sell on Rise between 26320-7- with SL of 26750 at Close.
More panic may be seen below 26100.

Now new Update after current scenario:

NS broke crucial level and went down. 

but BNS took support and did not breach crucial level of 26100, but got support near it.

No watch for Resistance levels posted in morning and Short near it, with SL given.

EOD Update:

NS and BNS have given opportunity to SHORT at levels specified in first hour today.

It took support in BNS at level of 26100 and RESISTED in NS at levels specifies.

Now at Close levels, 10724 in NS and 26099 in BNS are breached, markets may fall further.

On Upside, 10835 for NS and 26566 in BNS at Close levels, until crossed, markets may not resume upside move. 

Trend reversing?

Following message was uploaded in morning first hour.

NS - Sell on Rise between 10770-80 with SL of 10810 at Close level. More weakness evident below 10720. 
BNS- Sell on Rise between 26320-7- with SL of 26750 at Close.
More panic may be seen below 26100.

Now new Update after current scenario:

NS broke crucial level and went down. 

but BNS took support and did not breach crucial level of 26100, but got support near it.

No watch for Resistance levels posted in morning and Short near it, with SL given.

Trend reversing ?

NS - Sell on Rise between 10770-80 with SL of 10810 at Close level.
More weakness evident below 10720.

BNS- Sell on Rise between 26320-7- with SL of 26750 at Close.
More panic may be seen below 26100.

Update for Today

PSAR - Parabolic Stop and Reverse - for Nifty spot at 10636. Seen Low of today just above it at 10647, so SL 10636 for Long.

Bank Nifty spot, until closes above 25630, would face Resistance at upper core of Ichimoku cloud.