Skip to main content

Bulls defending critical supports. What's next???

From past few days Bulls trying hard to defend critical support zone 9030-9000.
Friday in first half , they lost this zone but they reclaimed it in 2nd half of the day and closed above it.
Bulls get strength above 9175-9200 zone. 
Incase bulls succeed in surpass 9200 level, we can expect minor pull back rally to squeez shorts.

Today Bears again strike to break down 9030-9000 support. 
We need to watch who will win the battle. 
Whoever wins trade in that direction.
Regards,
Suryadev Bandari
Research Analyst

Comments

Post a Comment

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    
Post a Comment
Read more

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
Post a Comment
Read more

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
Post a Comment
Read more