Bank Nifty-- 127 points Up ...Boom..I Heard The Sound of Nirvana

2 thg 6, 2016

Did you get the feel of nirvana......I got it...well let me come back to Bank Nifty...As per previous analysis-"Buying the Flag Pattern--- I was clear that 17470 is very crucial level & we touched 17470 in trading session & dropped as well shown as X-wave (notations are used from Elliott wave point of view)- Whole Idea was --sharp at 2 pm --I updated in comment section that double correction ends & Bank Nifty looks bullish shown as blue oval shape-It was trading at 17430's...look ...the explosive move from 17430---17596...as soon as we crossed 17470--there was flux of buyers who joined hands. ( Nifty Call was also explosive--moved from 8160--8230 = 70 points) --Regards, Abhishek H.Singh, CMT