Posts

Bank Nifty Price Prediction for 07 Oct 2024

Image
Here we may be entering an extended corrective period if we believe the long bearish move in Bank Nifty has finished. According to  Elliott Wave Theory ,  this is likely a complicated correction  that forms Wave 4. After this  correction , another price decline may occur. Traders, be prepared for some choppy or sideways action before the next leg of the downward trend appears. BANK NIFTY / 5 MIN Bank Nifty’s price has the  potential to reach 51,950  if our wave count is right and a correction occurs at this time. After the first 23% retracement, the next  Fibonacci  retracement level that would act as resistance is around the 38% mark, which is equivalent to a price level of 52,300. These resistance levels will guide the potential top limits of this corrective move, so it’s critical to monitor them in tomorrow’s (7 Oct’24) market activity. Last Update Disclaimer This post is just for informative purposes and does not constitute financial advice. Trading and investing involve risk, and
Post a Comment
Read more

Nifty Price Prediction for 03 Oct 2024

Image
  The Nifty chart has  corrected  to be consistent with predictions, and if the prior wave counts are valid, a downward  impulse  might happen now. On the other hand, pace-wise, it’s likely to be slower than the last impulse. NIFTY 50 / 5MIN A possible destination for the Nifty 50 at 25,280 would be a 100% price decline from the previous slope. The market finds strong support around 25,400, indicating a 78% retracement just before reaching that level. Last Update Disclaimer This post is just for informative purposes and does not constitute financial advice. Trading and investing involve risk, and past performance does not guarantee future results. Before making an investing or trading choice, readers should undertake their own research and evaluate their own circumstances. The author and platform accept no responsibility for any financial losses or damages stemming from the use of this material. Receive personalized advice from a qualified financial advisor.
Post a Comment
Read more

Nifty Price Prediction for 01 Oct 2024

Image
The Nifty chart suggests that a correction may be approaching after a recent impulsive move. According to Elliott Wave Theory, a  corrective wave , particularly Wave 4, may occur over a small time frame if the most current  impulse  has finished. We predict a primary resistance at 25,890 and a second one at 25,950. NIFTY 50 / 5MIN Another bearish impulse, suggesting more downward movement, may arise after this corrective period. This study provides valuable insights into the possible movement of the Nifty price in the next sessions. Last Update Disclaimer This post is just for informative purposes and does not constitute financial advice. Trading and investing involve risk, and past performance does not guarantee future results. Before making an investing or trading choice, readers should undertake their own research and evaluate their own circumstances. The author and platform accept no responsibility for any financial losses or damages stemming from the use of this material. Receive
Post a Comment
Read more

Nifty Price Prediction for 30 Sep 2024

Image
After an upbeat rally, the Nifty may have a modest retracement. In the past, if Wave 3 of the   Elliott Wave pattern   finished at its most recent high, we may witness a 23% drop. This suggests that   Nifty’s current price movement might send it down   to a vital support level of 25,950. This correction is an expected phase of the market cycle, enabling the  index  to  consolidate before possibly resuming its upward trend . NIFTY 50 / 5MIN The  38%  Fibonacci retracement level  is the next important support level after the 23%  decline. In order to accurately predict the movement of the Nifty and Bank Nifty tomorrow, it is crucial to comprehend these levels of support and resistance. If the correction is already over, we may observe an  impulsive  upward movement  in Nifty price action, indicating a possible continuation of the bullish trend. Last Update Disclaimer This post is just for informative purposes and does not constitute financial advice. Trading and investing involve risk, a
Post a Comment
Read more