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Showing posts from November, 2022

Nifty cmp 18565. Stay alert. Bears can step in anytime.

 Nifty cmp 18565. Put writers started covering shorts. Option data suggesting that any time market can give surprise to Bulls. Keep strict stoploss to long positions.  Technically, market nearing to All time Highs, Double top pattern. Negative Divergence at market highs, a warning bell to Bulls. Next crucial supports at 18050-18000 zone. Bears can strike back anytime at this juncture. Regards, Suryadev Bandari Research Analyst
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18225 acts as Laxman Rekha for next direction.

  #nifty as per last update,  nifty faced stiff resistance at 18350 and heading lower.  As per updated chart pattern, 18225 acts as laxman rekha for next direction.  Below that 1800-17900 possible.   #investing #tradingview #elliottwave #earningwave   Regards, Suryadev Bandari Research Analyst  
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Tug of war zone 18225-18130. Who ever wins, lead the nifty.

  #nifty cmp 18210.  18225-18130 Tug of War zone for Bulls and Bears.  Sustain above 18225 , #Bulls can lead nifty towards 18350.  Where as Sustain Below 18130, #Bears can lead nifty towards 17900-800 zone. Technicals are in favor of Bears at this juncture.    #investing #tradingview #Bulls   Regards, Suryadev Bandari Research Analyst
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Markets preparing for Big Move? Top Reversal.

 Nifty cmp 18125. It appears that, nifty preparing for top reversal. Tonight's Fed Rate decision and Tomorrow's RBI Mpc committee meet would decide next direction of the market. As of now, As per Technical INdicators, parameters, It appears that, markets closing doors for further upmove. Next Resistance at 18350. Below 18060, Seller can be active and drag nifty further. Cautious on holding long positions. Nifty next crucial supports at 17700 and 17420. REgards, Suryadev Bandari Research Analyst
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