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Bulls sustained selling pressure and trading above support zone. New high above 26030 spot.

#nifty cmp 25930.  Holding on crucial support 25750.  Weak only if breaks 25750 spot.  Above that, seems bullish.  New high likely above 26030.  Keep stoploss. #investing #tradingview #elliottwave
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Nifty tested 25820. and rebouncing from there.

#nifty cmp 25940.  as expected nifty tested minor dip to 25820 and rebounding from there.  the Gap existed there acted as support.  Now #nifty heading towards 26100+++ zone from here.  New high likely in coming sessions.  Keep strict stoploss. Cover shorts, if any. regards, suryadev bandari research analyst

Happy Diwali Wishes to viewers

 

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

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