16900 level for Bulls.

Wave 4 retracement done in double correction pattern, that's the reason we had to see deeper correction yesterday.

Now Bulls stepped in and lift Nifty from yesterday low to today's high 16400 to 16900 levels

Once Nifty settle above 16900 , we can say that bottom made at yesterday's low.

Fresh buying and short covering can lift Nifty even higher from current levels 16900 to 17200 in coming sessions.

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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