Skip to main content

Bears in strong position over Bulls.

Bears successfully broke down Bulls last hope  of 11900-11880 zone and close well below that zone. Now Bears have clear upper hand over Bulls.
Next watchable downside level is at 11745-11725 zone.
High Beta stocks started breaking key supports. Hence, some more days we may see this fall in market.
Avoid building fresh long positions.

Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com


Comments

Popular posts from this blog

#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