5th wave down has started. Be prepared for nose dive.

As per the updated wave count, 5th Impulsive down wave has started in market. Nifty can breakdown 8000 mark. Avoid bottom fishing. Bottom has not made yet.

Protect capital. Do not average in lossing stocks.

This is falling knife. Do not try to catch it.

Go with the flow.

This momentum favors short selling traders.

This crash very different from 2008's.

Small and midcaps already bleeded. Now large caps started bleeding. Large cap stock can bleed more on downside.

Short sellers still find shorting opportunity in large caps. Choose stock wisely.

Next downside target 8000.

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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