a-b-c correction at finishing line. Bulls can strikeback.

As of Now, as shown in chart, Entire fall from 17639 to Fridays low 16966 appears to be a-b-c three waves. which is a corrective characteristic. Unless nifty breaks down 16895 spot, still there is possibility for Bulls come back.

On higher side, Bulls need to surpass falling trendline at 17125-17195. Close above this falling trendline would indicate halt of selloff and fresh upmove can resume.

Only Monday's move can decide market direction.

Technical parameters showing that market in extreme oversold zone , normally markets bounces from this zone. Lets see tomorrow, how markets reacts.

Conversely, we may see more downside, only if nifty breaks down 16895 level.

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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