Wave B of (2) completed. Wave C of (2) started its journey.
Invalidate level: Nifty 15700 and Banknifty 35480
Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
Banknifty update:
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Suppose on Monday if reaches invalidate level (15700 n 35480), next possibility is updated in the below chart.
Nifty
BankNifty
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There are only three possibilities: 1) as per analysis (if open below last close and break day low) 2) after some pullback (~ 70%), it should fall as per analysis 3) Sideway correction (here there is chance to break Friday high as irregular correction)
Not seeing any strong up-trend, at-least for next 2-3 days.
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So far wave formation suggests no big fall. It may be sideway correction.
@rajdeep1947, bhai mebhi idhar hu aur tum bhi dekhte hena kya hota he
starttrade2020
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@ravirajpophale, bhai tere jaise punter forum mein bahut hai ...kuch 13000 bolte aur kuch 17000.so enjoy kar tukka laga toh chillate rehna maine bola tha.
There is small upmove pending in nifty. Tomorrow nifty might touch 15800 and then fall starts. Fall can reach 15250 or 15000 week by week basis.
Based on my analysis from this week consolidation starts in nifty till June month expiry .