Banknifty Heading downwards. Key crucial support 42750. Next target 42000-41700.

Banknifty broken key support and trading just above crucial support 42750.

Break below this support means , more pain ahead in Banknifty.

Next support zone 42000-41700.

Resistance remains at 43200.43300.

Its putting pressure on Nifty too.

As far as possible, exit from long positions in Banking stocks.

Regards,

Suryadev Bandari

Research Analyst

Comments

LIVE ON DOORDARSHAN 8 YADAGIRI "BUSINESS MUCHATLU"

#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

Earning Wave

Search This Blog