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Showing posts with the label bears

Nifty alert. 17850 is very critical support.

Nifty recorded high 18267 and reversed from there. 18280-325 is very strong resistance zone. On the down side 17850 is very critical support for nifty. Trend deciding level. If Bulls able to held this support 17850 level, then we can see one more attempt to move higher. If, incase, Bulls fails to hold this 17850 support, then we can see deeper correction to resume. Hence, watch 17850 spot level keenly. Trade accordingly. Regards, Suryadev Bandari Research Analyst.
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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
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Below 16950 can trigger Panic Selling pressure.

  #nifty trading at Fence.  Bleeds below 16950.  Resistance 17175.  Stay alert with stoploss.  Sustain below 16950 can trigger severe selling pressure.  Options Data favoring Bears.     #investing   #tradingview     #nifty     #elliottwave Regards,   Suryadev Bandari Research Analyst
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Nifty ready to bounce . Cmp 16050.

 Nifty cmp @16050. After prolonged sideways correction pattern, triple correction, nifty formed short term bottom around 15858. Now it gave clear indication of upmove from hereon. Next upside targets would be 16290/16400. Supports 15850. regards suryadev bandari research analyst
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NIfty@16140. Getting Ready to hit 16400....

 Nifty cmp 16140. Nifty recorded high 16275 on Friday. After 2 days consolidation, nifty today likely to breakout that high 16275 from current levels. Above 16275, short covering lifts nifty towards 16400+ levels. As long as nifty trades above 16060, avoid fresh shorts. Buy on Dips mode. Regards, Suryadev Bandari Research Analyst
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Nifty @16370. still bearish...

Nifty continuing it's down move  Today it completed minor abc correction pattern from 16244 to 16394. Now 16150-16060 zone under risk. It can break down anytime soon. Protect longs with stoploss. Avoid fresh longs. Reduce long exposure. Regards,  Suryadev Bandari Research Analyst.
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Most preferred Wave -Bullish outlook. Technical view apart from Bearish sentiment.

 Nifty cmp 17171.95 On Friday, Global markets Bleed more than 2.5%  Even SGX NIFTY displaying global sentiment. Apart from that, From the Elliott Wave Perspective, Under current trend is Bullish as recent selloff from 17414 to 17171 is part of Wave ii correction pattern. which can extend till 17080. From there Bullish impulse wave iii upward can begin. Stoploss or Pattern invalidation point is move below 16820 spot level. As long as this level holds, Bullish outlook intact. Regards, Suryadev Bandari Research Analyst www.earningwave.com      
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Bulls leading Nifty.

  #NIFTY50 CMP 17484.  Successfully surpassed critical resistance level by gap up opening.  Now in Buy on Dip mode.  On higher side next resistances are at 17640/17795.  supports at 17280-250 zone. Stock specific moves in action. Regards Suryadev Bandari Research Analyst     http:// earningwave.com #Elliottwave #Earningwave #suryadev
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Nifty brokendown key support 17070-17000 zone today. Bears getting Strength.

 Nifty cmp 16950.  Bulls failed to hold key support zone 17070-17000. Bears getting strength. More selling pressure ahead. Once nifty break and close below 16800 spot level, we can witness more selling pressure towards 16400--- levels in coming sessions. Resistance 17150-250. Supports 16800-700/16400/16100. Regards, Suryadev Bandari Research Analyst www.earningwave.com
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Bulls can take a pause before further rally.

 Recent swing low 17180 to today's high 17827, it appears to be completed impulsive wave, hence, before resuming rally, Bulls likely to take a pause for couple of days. A-B-C correction pattern can begin any time from current levels, Buy on Dip mode. Major trend Bullish, Short term trend Bearish. Move below 17750 would trigger selling pressure. Lower time frame charts already formed Negative Divergence in Technical Indicators. Be alert on holding long positions. On lower side, 17550-17450 acts as support zone. Regards, Suryadev Bandari Research Analyst
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Initial range Breakout done. Now crucial resistance trendline at 17700-800.

 Bulls successfully surpassed initial resistance at 17440 and trading higher. Next trendline resistance at 17700-800 zone, once this falling trendline resistance breakout, then bulls get even more force to move higher. Be careful in selecting stocks at this juncture. Metals, Banking, IT, Auto sectors looks bullish from hereon. Supports at 17370-310 zone. Resistance 17520-17700-17800. Regards, Suryadev Bandari Research Analyst www.earningwave.com
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Bulls crossed Most psychological resistance 18000 level.

 Finally, nifty crossed successfully most rigid and psychological resistance 18000 level and successful in holding above this level since it crossed today. Now short covering and fresh buying will lift nifty further more above 18100-18150 zone. Even now, there is plenty of buying opportunities in select sectors and select stocks. Avoid short selling at this level. Technicals are strong and favoring bulls. Next resistance zone to watchout for next move 18100-18150 zone. Supports 17850-800 zone. Regards, Suryadev Bandari Research Analyst www.earningwave.com
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