Bulls back into ACTION.

Bulls regained strength near 40Day Moving Average Yesterday and sudden spurt visible in last 40mins .

Now today nifty breaking 11991 resistance in opening hour.

Bulls now have enough strength to breakout 11990 resistance and close above 12000 levels.

Short covering rally likely to come in last hour of today trade.

As today is weekly options expiry, we may see sharp moves in last hour.

Buy on Dips mode.

Avoid short selling.

Its time to cover short positions, means to exit short sell positions.

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

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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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