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Have you read the Previous report on nifty and bank nifty?
Click Here – NSE NIFTY & BANKNIFTY OUTLOOK FOR INTRADAY TRADERS

I have mentioned in clear words, “After Gap is down, if the price sustains below 16220, traders can expect the following targets: 16150 – 16036 – 15956.“

Nifty formed a bearish pattern, and It was a gap down signal.

11 May 2022
[10:25 AM] – Price reached the first target of 16150.
[12:55 PM] – Price hit the second target of 16036.

12 May 2022
[09:20 AM] – Price touched the final target of 15956.
[12:30 PM] – Price made a low of 15807.

If you haven’t traded this setup, you missed a 400+ points.

Do you remember Pokarna’s wave projection?
Click here  – POKARNA STOCK IS A MONEY – MAKING MACHINE

BEFORE

POKARNA had broken down the 200 EMA, and the price was declining.
After making a high of 788, the price started falling for the final impulsive wave C of wave ((4)).

I had written clear words,” Currently, the price has broken down to A wave at 585. If it sustains below 585, traders can expect the following targets: 558 – 536 – 505.”

AFTER

Today, the price made a high of 583 and started falling due to heavy supply. It was a good selling opportunity for sellers with a strict stop loss of 585.

• 01:45 PM – Pokarna reached the first target of 585.
• 02:40 PM – Pokarna reached the second target of 535, and made a low of 527.

If you have traded this setup, you could get approx a 10% return in just single trading session.