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.
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.
