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Nifty Bank Index
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LONG & COLD WINTER AHEAD.

Explained on the chart. Views are personal. Don't trade without understanding the risks involved. HAPPY TRADING.
Catatan
watch carefully 40565 level. If it is breached, that will confirm vth of 5th.
Catatan
sorry.40500-40510 level
Catatan
OOPS!!!
Catatan
BUT keep in mind the expiry factor. Can give a surprise bounce intraday. So follow your own risk management if short. Use the bounce towards 40900-41k as selling opportunity.
Catatan
covered short. expecting bounce to re enter.
Catatan
bounced from wave 4 which can be alternate wave 4.So exit if u r still short.
Catatan
the structure in hourly TF shows triangle d-wave,a clear indication that 4th of 5th is going on.So no further short.Better go long now. Analysis valid if 38377 is not violated-i,e sl <38377.(will post chart when gets time)
Catatan
no. SL of the revised view hit.So the original view prevails-i,e long & cold winter staring ugly on our face.Short on rally towards 38800-39000
eternallearner
Wave Analysis
eternallearner

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