Earning Wave

 Nifty cmp 17320. Bulls successfully absorbed selling pressure around 16830 and striked back. Now nifty strongly trading above 17000 psychological support level. Weekly close above 17340 would be a strong close for Bulls to rally after Budget event. Till then it can move in a range of 17340-17100. Markets awaiting for Union Budget 2022. Regards, Suryadev Bandari Research Analyst

 Nifty cmp 17630. DAy low 17525. Single chart, explains itself. Bullish reversal pattern at Key support makes it significant. Keep strict stoploss below 17480.  Regards, Suryadev Bandari Research Analyst

Nifty cmp 18090. Today's fall was clearly abc correction pattern. Impulse wave can begin from tomorrow. Cover shorts, if any Can initiate longs position for higher targets 

 Nifty cmp 18210 #nifty #trend bullish.  Probably wave v has started today, in this case, we see new high in nifty soon.  Targets 18350-18450-New all time highs. support remains at 18150-110 zone.   #elliottwave   #earningwave

Bulls can take a pause here. Book profit in long position. Regards,

Minor correction pattern almost done and heading towards 18100+ levels. Every Dip is a buying opportunity. Regards, Suryadev Bandari Research Analyst www.earningwave.com

 Recent swing low 17180 to today's high 17827, it appears to be completed impulsive wave, hence, before resuming rally, Bulls likely to take a pause for couple of days. A-B-C correction pattern can begin any time from current levels, Buy on Dip mode. Major trend Bullish, Short term trend Bearish. Move below 17750 would trigger selling pressure. Lower time frame charts already formed Negative Divergence in Technical Indicators. Be alert on holding long positions. On lower side, 17550-17450 acts as support zone. Regards, Suryadev Bandari Research Analyst