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Showing posts from April, 2024

High made at 22600 today, What next, Correction???

 Today nifty made high at 22600 and facing selling pressure. By looking at selling pressure from day high to 22400 below levels, it appears that, nifty made medium term top today and vulnerable to correction from here. Stay cautious. Bulls need to sustain 22000 support levels, if that breaks down, we can expect more pain in market. Regards, suryadev bandari research analyst

Nifty heading for new high!!!!

 After Breaking 21800 crucial support in last month , Bulls succeeded to recover it and moved higher. Now, fresh upmove started  from there. Nifty can head higher towards 22600-22900 zone from here. cmp 22440. 3rd April, 2024 10:15 a.m Now market turned into BUY ON DIPS mode . Avoid fresh short selling untill 21800 support breakdown. Regards, Suryadev Bandari Research Analyst