As expected nifty reversed from 11635-11640 zone. Trend Reversed???

As expected in last update on Friday, nifty exactly tested 11635-11640 zone and reversed from there. From day's High 11639, it fell more than 100 points to 11522, its indicating that Nifty has resumed its down trend on Friday itself.
Now next downward key levels to watch are 11475-11425.
Every minor bounces faces selling pressure from hereon.
Market in SELL ON RALLY mode.
Avoid taking long positions especially in futures segment.
Global markets also ready to reverse downwards.

Resistance 11640-11700 zone.
Support 11425-11400.

Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com

Comments

#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

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Once again market turned bullish.

Nifty heading towards 25000+ levels Banknifty heading towards 54500-55000 levels. Buy on dip mode Key supports for nifty 24200-150 zone. Key supports for Banknifty 51750-500 zone. as long as above levels holds, market moves higher. Regards, Suryadev Bandari Research Analyst

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