Nifty trying to form a base for rally. Wait and watch till Budget 2022.

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

Comments

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#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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