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Truncated 5th wave with Ending Diagonal pattern visible in nifty daily charts. stay alert

 Nifty cmp 25515. Nifty daily time frame in line charts, indicating that probable Truncated 5th wave with Ending diagonal pattern in formation. as per This, truncated 5th wave can not move near or above the high of 3rd wave which is at 25669. This view negates, if nifty surpass 25669 spot. This is my positional view on nifty. keep strict stoploss to long positions. Regards, suryadev bandari research analyst
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25330 resistance.

  nifty cmp 25295. as per this pattern, nifty can face selling pressure again from this zone and head towards 24600 positionally.  this view negates if price breakout 25330. trade accordingly, keep strict stoploss. regards, suryadev bandari research analyst
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Nifty cmp 25080. Trend deciding level at 25045.

 Possible profit booking in nifty alerted at 25270. Now its trading at 25080. Next trend deciding key level to watch is at 25045 on closing basis. Keep an eye on it. Once nifty closes below 25045, then new lower targets open towards 24900-750-600 positionally. keep strict stoploss. Regards, Suryadev Bandari Research Analyst
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Nifty cmp 25265. Book profits

#nifty cmp 25265. Book profits fully once. One set of 5 inner waves seems completed at today's high. Minor profit booking can begin any time. Trade with strict stoploss. Down side key levels to watchout 25020/24900/770. #investing #TradingView #stockmarketsIndia #elliottwave regards suryadev bandari research analyst
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