Earning Wave

  #nifty cmp 17090.  abc counter trend move , which i expected from last 2 days , almost done here.  Another leg of selloff possible from here.  Minimum 16890 possible.  Break below day low would trigger panic selloff.  Stay alert. http:// earningwave.com

 Nifty unable to sustain above opening level 17000 and fall below 16800. This is indicating intensity of selling pressure. If bulls fails to hold 16800, then further selling pressure emerge in markets. Tomorrow RBI POLICY can trigger next direction. regards, suryadev bandari research analyst

 Nifty cmp 17010. Cover short positions once. Nifty can bounce from here towards 17200+ as part of counter trend move. regards, suryadev bandari research analyst.

 #Nifty cmp 17085.  Around 17160, it completed minor counter trend move and now heading downwards. Day low at 16980 can break down any time here. Avoid bottom fishing.  Sell on rise market. Regards, Suryadev Bandari Research Analyst

  #nifty cmp 17690.  As expected nifty closed below 17850 and now heading down.  Below 17480 spot, we can see real intense selloff in market.  Keep watch 17480 level in nifty. www.earningwave.com Regards, Suryadev Bandari Research Analyst

Alternate 1. Wave ii correction (abc pattern) almost done today. Fierce Wave iii selloff can begin today itself from current levels. Be alert.   http://earningwave.com   Alternate 2 Downward gap between 17860-820 zone. This acts as stiff resistance in bearish scenario. If, Bulls succeed in closing above this gap zone, then one more upmove attempt possible. Regards Suryadev Bandari Research Analyst