Triangle formation still in progress. 8900-9200 upward resistance.

Nifty still in a triangle formation and wave e of the triangle is due as per updated pattern.
The minimum upside for the short term is 8900-9200.
Avoid fresh short selling at this juncture.
Pull back rally is due.
Supports can be found at 7700-7500.
The range is Huge, so risk also high.
Private sector Banks also completing triangle like formations in their respective charts.
We can see some short term buying in private banks at these lower levels.
Trade accordingly.
Regards,
Suryadev Bandari
Research Analyst

#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