Markets at Crucial Juncture. Close Below 17555 would trigger panic selling.

Nifty reversed from 18200 zone and fell 17450 on Budget Day.

Now nifty holding on crucial support zone 17555-17500 zone.

Once nifty close below this level, we can say , panic selling may trigger.

Fundamentally, many bad news coming every day. this kind of panic can continue some more days.

Avoid buying fresh long positions for investment.

Next level to watch 16800.

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

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