NIfty at 18655. Double top formation.

Nifty cmp at 18650.

Unless nifty close above 18700 spot, outlook remains Bearish.

Double top formation around 18695 spot .

Technically Negative Divergence formed in Daily t.f. signalling upward steam fizzle out any time soon.

Price action must confirm this view by dip below 18530 spot.

Crucial supports 18530-18450.

Crucial resistance 18695-725.

Regards,

Suryadev Bandari

Research Analyst

Comments

#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

Once again market turned bullish.

Nifty heading towards 25000+ levels Banknifty heading towards 54500-55000 levels. Buy on dip mode Key supports for nifty 24200-150 zone. Key supports for Banknifty 51750-500 zone. as long as above levels holds, market moves higher. Regards, Suryadev Bandari Research Analyst

NIfty fall likely to take a pause.

Nifty banknifty both oversold and likely to take a pause. Close Above 25485 Bullish for nifty, Close Below 24800 Bearish. Close Above 52600 Bullish for Banknifty and Close Below 51190 Bearish. wait and watch mode now. Regards, Suryadev Bandari Research Analyst

Earning Wave

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