Nifty and Bank Nifty Latest Update

NIFTY 03/12/2019:
Nifty monthly chart with Elliot wave formation since beginning. I verified all the waves by Fibonacci calculation.


Current Nifty Position
The ABC of fourth monthly wave was a Irregular correction as B wave ends slightly up to the starting point of A.
Now the weekly 1st wave consist of daily 1-5 wave is completed.
Nifty Prediction 
Nifty will have a small correction till 11400 or till 11200 and after that nifty will jump to complete weekly third wave that will be a good long trade.
Nifty 02/08/2019: Nifty has a a weekly trend line and last two days Nifty has made low below the trend line but closed above that trend line. It is good sign. Nifty is taking Support 4th time since 2015 and never gone below it significantly. It proves it is a effective trend line.


Nifty 26/07/2019: Nifty taken support at the completion of Elliot wave i.e end of wave C.

Next few days will decide if this start new wave up side or down but the it will go up in 1-2 days.

Bank Nifty 26/07/2019: Bank nifty also taken support at the Fibonacci level and also the demand zone.

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