16100-16000 is crucial support levels for Bulls. if this breaks, Big trouble for Bulls.

After breaking 16800 support, Bulls lost opportunity to move higher. Nifty fell sharply towards 16200.

Now, next crucial level for Bulls at 16100-16000. If this zone breaks, selling pressure can intensify.

Avoid fresh longs.

Avoid average.

As far as possible, try to reduce long positions.

Stay in cash at least 50%

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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