Initial range Breakout done. Now crucial resistance trendline at 17700-800.

Bulls successfully surpassed initial resistance at 17440 and trading higher.

Next trendline resistance at 17700-800 zone, once this falling trendline resistance breakout, then bulls get even more force to move higher.

Be careful in selecting stocks at this juncture.

Metals, Banking, IT, Auto sectors looks bullish from hereon.

Supports at 17370-310 zone.

Resistance 17520-17700-17800.

Regards,

Suryadev Bandari

Research Analyst

www.earningwave.com

Comments

LIVE ON DOORDARSHAN 8 YADAGIRI "BUSINESS MUCHATLU"

#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

Stay alert. Market loosing bull grip. Prepare for selloff.

Nifty trading below 20dma 22560. First sign of weakness. more downside possible ahead. Reduce long positions. Next key levels 22060-21800. Regards, Suryadev Bandari Research analyst

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