Major trend still upside. 14300-14400 possible positionally.

 Nifty major trend still upwards. Every dip is being bought into.

As I mentioned before, every 100-150 point fall can be utilize to create fresh long positions for short term trading purpose. Nifty resistance trendline at 14300-14400 for short term. Nifty can achieve this target positionally. Stock specific moves likely to continue. Be stock specific in entering long positions.

Avoid short selling for awhile. Go with the main trend.

Banking sector looks bullish and pharma to join soon.

Regards,

Suryadev Bandari

Research Analyst

www.earningwave.com