Minor corrective pattern completed at 15170. Now heading towards upper channel line 15450-15500.

As expected in last update, Nifty moved upward from 15220 to 15400 zone

From 15430 level, minor corrective pattern has begun and it completed yesterday at 15170.

Double correction pattern, zigzag and Flat pattern.

Moreover, Nifty tested lower gap between 15245 to 15185 zone.

This gap held as crucial support on closing basis.

Now Nifty heading towards 15450-15500 zone.

Major trend up.

Initiate fresh long positions for higher levels 15500+.

Keep stoploss at 15040 for long positions.

Regards,

Suryadev Bandari

Research Analyst

www.earningwave.com

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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