Minor a-b-c correction done at 16180. Now Bulls are back.

As mentioned in last update, Nifty corrected from 16300 to 16180 levels around yesterday. My expectation was it can test 16150-160 range but it took support at 16180 level and take a U turn.

Now, Bulls are back into action.

Nifty can move up to 16388-400 zone today.

Stock specific action can be visible today.

Investors and Traders must be choosy in selecting stocks.

Banking and Financial Sector looks promising to take fresh longs for short term and long term investment purpose.

Be with the industry leaders in stock selection.

Supports 16150-16100.

Resistance 16323-388-400.

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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