Nifty trading above crucial support 11280. Minor bounce possible towards 11470-11500 zone.

Nifty holding crucial support at 11280 and trading above it. As shorter time frame indicators in over sold position. As long as nifty holds 11280-11260 support level, minor bounce possible towards 11470-11500 resistance zone from hereon.
Sell on Rise Mode. At present, its better to book profit in short positions.
Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com

Comments

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#nifty poised to make new all time high soon.

#nifty cmp 22597. #Bulls strongly holding key supports. 22350-440 zone. As long as nifty trades above this zone, its poised to make breakout all time high. Upside resistance trendline around 23110-23250 zone. Regards, Suryadev Bandari Research Analyst #tradingview #investing #stockmarkets #elliottwave #earningwave #suryadev

Stay alert. Market loosing bull grip. Prepare for selloff.

Nifty trading below 20dma 22560. First sign of weakness. more downside possible ahead. Reduce long positions. Next key levels 22060-21800. Regards, Suryadev Bandari Research analyst

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