Nifty broken upper range of gap at 11595. Now heading towards lower range of gap at 11425-11400.

Finally nifty broken down upper range of gap yesterday easily and closed below it. Today nifty continuing its downward journey towards 11425-11400. As far as possible avoid taking long positions.
Regards,
Suryadev Bandari
Research Analyst

Sent from my iPhone

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

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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