Nifty completed a-b-c zig zag pattern. Another leg of downfall begins from here.

Nifty formed zig zag pattern as counter trend move from 10640 to 11141.
Another impulsive down move begins from current levels any time.
200DMA at 11155 acted as stiff resistance and as long as nifty trades below that level, trend is down.
Nifty trading range has increased so huge volatility possible in market.
Keep booking profits in long positions, if any.
Avoid fresh long positions.
Positional Short sellers can initiate fresh short selling in specific stocks.
Nifty Resistance 11155-11225.
Nifty crucial level 11045.
support at 10900.
Regards,
Suryadev Bandari
Research Analyst.

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

LIVE ON DOORDARSHAN 8 YADAGIRI "BUSINESS MUCHATLU"

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

Earning Wave

Search This Blog