Bullish Divergence formed.

As per the latest data update, Entire fall from 15430 to today's low 14550 is corrective pattern only. Today Nifty showing bullish divergence in indicators suggesting that corrective pattern ended and trend reversed to upward again.

Buy on Dips .

Avoid fresh short sell.

Cover shorts, if any.

Build long positions.

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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