Bank Nifty : Elliott Wave counts
Bank Nifty : Anticipated Happened Bank Nifty showed some good strength especially when it crossed 9220 levels in the early October 2013. Many of the analysts were negative on this index, but as soon as the important pivot high was crossed things changed. We had covered Bank Nifty in our daily research report “ The Equity Waves” publised on 11 th October 2013. In which we had told to our subscribers the cluster of resistance where Bnak Nifty can reach in coming trading sessions. The below excerpt is been picked from our research report as on 11 th October 2013. Bank Nifty 120 mins chart Anticipated and Happened on 11 th October 2013 Analysis From 120 mins chart, the index after breaking the downward sloping red channel gave a bullish break and started moving up by protecting its previous lows which is a positive sign for this index. Currently, the index is moving precisely in an upward sloping black channel. 2 days prior it bounc