Nifty Bank Index
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Bank Nifty Analysis

It took me 5 days to figure out what is happening and why the Markets are behaving the way they are currently. Many of you here will DISGREE with my analysis, but that is fine by ME.

1. THE CRASH IS HERE AND HERE TO STAY. WE WILL MAKE A TOP ON BN IN THE NEXT 3 DAYS MAXIMUM AND A DEEP DRAWDOWN IS TO FOLLOW.
Why do I say this?????? Tooo many EW analysts have for too Long ignored the TOTAL CYCLE of EW as marked in my chart. Too many jumped IN and marked the markings from the TOP of 2020 and labelled it as 1. the crash in March 2020 as wave 2 down. The Move up as wave 3 up, a correction as wave 4, and are saying that we are currently in wave 5 subdividing etc for Higher Levels. I made the same MISTAKE while posting those charts to you all for soo many days.
I am asking each one of you this..... and THINK ABOUT IT LOGICALLY. Since when did EW start from any point that you wish to mark from as the starting point????? DOES EW SAY THAT YOU MUST START FROM 2020 TOP N CALCULATE YOUR PLAN????? NO IT DOES NOT. So what has everyone missed all these days????? THEY MISSED THE STARTING POINT OF BN MARKED ""0"" IN THIS CASE. Now calculate the wave structure and you will see that my EW markings fit each and every CRITERION of the EW structure. WE ARE INTO WAVE 5 TOP.. AND BN WILL TOP OUT AT 42808, while NS WILL NOT MAKE HIGHER HIGHS.
Each one of you is More than welcome to CRITICISE ME and I will accept it whole heartedly. BUT, just THINK..... WHAT IF ????

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