Is Market getting ready for Diwali rally????.

Nifty cmp 11235.

09-09-2020

10:10 AM.

As shown in chart, Preffered wave counts suggesting that Nifty corrected from 11790 to 11209 as part of triangle formation as Wave 4.

Most probably Wave 5 bounce has to begin from current levels towards new all time highs possibly till this Diwaali.

Hence, traders can initiate fresh long positions in Banking stocks and beaten down stocks for this Diwali.

This view hold right, as long as nifty trades above 11150 spot.

Up move confirms once, nifty surpass 11350 spot.

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

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

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