Be cautious ahead of BUDGET. THIS IS SUPPLY ZONE.

Market cautious at current levels as tomorrow major event of UNION BUDGET.
Usually India VIX surges higher before Budget but this time IndiaVIX subdued because of no major expectation on this Budget. Stay cautious. Avoid taking more risk. Avoid taking positions until Budget event.
Technically this is huge supply zone, means Bears are active at current zone. Any time market can take U turn. Series of Negative Divergences in technical charts indicating that this bounce is not sustainable for longer time. This is counter trend move and temporary.
Regards,
Suryadev Bandari
Research Analyst

Comments

LIVE ON DOORDARSHAN 8 YADAGIRI "BUSINESS MUCHATLU"

#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

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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