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Is Bank Nifty Forming An Ending Diagonal?
Bank Nifty has completed the corrective wave (4) at 31208.
After the climax of wave (4), we have seen an impulse phase with overlapping nature. According to Elliott’s wave theory, 5th wave can become an ending diagonal.
I will update the intraday chart of the bank nifty soon.
Will Mentha Oil Touch 960 Level Again?
MCX Mentha oil can bounce here. It can retest the 960. The intraday & short-term investors should enter around the support trendline for the targets of 926 – 936 – 958.
Premium Calls: Nifty can retest 17169
Free Live Call: Nifty Futures
How many of you sold Nifty futures today?
BEFORE – 1:26 PM
First Update URL: https://moneymunch.com/nifty-can-retest-17169-before-hitting-the-18000-levels/
I had written to sell Nifty at 1:26 PM, “The nifty trader can see the following targets:
Target 1: 17425
Target 2: 17270
Target 3: 17169“.
AFTER – 3:08 PM
The first target of nifty has come. Free subscribers can book a profit nearby 17400. Further information I will update on our mobile app for premium members only.
Nifty can retest 17169 before hitting the 18000 levels
Intraday & Short-term outlook of Nifty 50
Nifty has completed motive wave (iii) at 17792.
Wave (iv) is forming and, it can have a common retracement of 38.2%.
The nifty trader can see the following targets:
Target 1: 17425
Target 2: 17270
Target 3: 17169
According to the rule of corrective wave, it remains under the channel.
And the impulsive wave can breakout the parallel channel.
If nifty breaks the parallel channel, check out the previous update below.
The long-term outlook of Nifty:
EWT: Will nifty hit 18000 before September end?
Gold: These Two Levels Can Change The XAUUSD Trend
Advice For Day Traders:
XAUUSD is not tradable between the range of 1766 to 1745. They are trend changer levels.
Gold’s Simplified Trading Strategy:
According to Elliott Wave theory, it was in a corrective wave. It has completed the ABC, and now gold can start marching for a new impulse phase. Therefore, we can expect the gold’s target price 1782 – 1790+.
In simple language, you should wait for the breakout of 1766 or 1745. Because of that’s a crucial level for XAUUSD traders.
If gold will breakdown the 1745 level, then the downtrend will begin. And that downtrend can drag it down up to 1730 – 1706 – 1686.
Please note, don’t forget to watch significant releases or events that may affect the movement of gold, silver, and crude oil: Read more
Tata Motors & Kotak Bank Trading Tips & Updates
Could Tata Motors be the hottest investment for 2021?
Price is moving under the consolidation area for 225 days. It has finalized sub-wave (C) of wave ((4)). If price breaks sub-wave 4 of wave (C) of wave ((4)), it is the beginning signal of Wave ((5)).
We can get the following swing trade targets: 340 – 362 – 415
Kotak Mahindra Bank: Profit Booking Time
How many of you bought Kotak Bank after this article?
Update: Kotak Bank Has An Explosive Rally Ahead
I had written in clear words, “…intraday & short-term investors can also jump on this stock. Kotak bank prices may move forward up to 1900 – 1960 – 2056 levels to hit the halfway of wave 5th. Consecutive closing above the level of 1832 is a direct buy signal”.
Target 01: 1900 – Achieved
Target 02: 1960 – Achieved
Target 03: 2056 – Will it touch the third target?
If you’re a free subscriber, book profit here. Only premium subscribers can read a full report of Kotak Mahindra Bank.
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Bank nifty ke chart bahut hi kam log update karrahe he. bahut hi badiya chart banaya he.
Analysts are scared to share the Banknifty ideas. I must say you have guts. Bank nifty's move is very complex this time. Everybody is silent about the next move.
Hello sir, I would like to know about Nifty. Your last call was impressive. You are doing great work for individual traders. Guru and dev both are market wizards!
Amazing chart! I want more charts. Thanks for sharing
This is an accurate chart.
Good call sirji.