A-B-C counter wave 2 almost finished today. Major degree trend reversal ahead.

Nifty in process of finishing a-b-c counter trend wave 2 today.
Most probably nifty takes U turn from here and head towards 11480 level.
In Daily charts, Negative Divergence and Sell mode in Hourly charts , both confluencing towards downward direction.
11480 is Lakshman Rekha for both Bulls n Bears.
above 11480, Bulls holds strength.
Below 11480, Bears get strength.
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

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

NIfty fall likely to take a pause.

Nifty banknifty both oversold and likely to take a pause. Close Above 25485 Bullish for nifty, Close Below 24800 Bearish. Close Above 52600 Bullish for Banknifty and Close Below 51190 Bearish. wait and watch mode now. Regards, Suryadev Bandari Research Analyst

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