Bulls exhausted at peak levels, Bears ready to strike back..........!

Nifty trading at 18870.

Banknifty trading at 43950.

Both trading at key resistance levels.

Follow up buying is missing.

Huge call writing visible at 44000 and 43900 strike in Banknifty .

Huge call writing visible at 18900 in nifty.

As weekly expiry today, we can expect big fluctuation with negative bias.

Stay alert.

Avoid Fresh longs until nifty cross abvoe 19000 and Banknifty above 44100.

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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