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

Jun 2, 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