Earning Wave

NIFTY finally breakdown 18290 spot level.  Cmp 18265. Heading lower towards 18180-140-060  Stay alert. Regards, Suryadev Bandari RESEARCH ANALYST

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.

 Nifty cmp 18565. Put writers started covering shorts. Option data suggesting that any time market can give surprise to Bulls. Keep strict stoploss to long positions.  Technically, market nearing to All time Highs, Double top pattern. Negative Divergence at market highs, a warning bell to Bulls. Next crucial supports at 18050-18000 zone. Bears can strike back anytime at this juncture. Regards, Suryadev Bandari Research Analyst

  #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

  #nifty cmp 17690.  As expected nifty closed below 17850 and now heading down.  Below 17480 spot, we can see real intense selloff in market.  Keep watch 17480 level in nifty. www.earningwave.com Regards, Suryadev Bandari Research Analyst

Nifty cmp 17796. Close below 17750 would trigger hugecselking pressure next week. Be alert. Regards, Suryadev Bandari Research Analyst

 Nifty cmp at 17290. Series of Negative Divergences formed . Significant Call writing happening in Market. All these indicating profit booking possibilities at higher levels. Be cautious on Long positions. Regards, Suryadev Bandari Research Analyst

#nifty50 cmp 16490. Bullish Divergence formed in nifty at support level making it significant. 16700 above we will see short covering rally towards 17000+ Regards Suryadev Bandari Research Analyst.

 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

 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

 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      

  #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

 NIFTY CMP 17247. 17300 IS VERY CRUCIAL LEVEL FOR BULLS. IN CASE, BULLS REGAIN THIS 17300 ZONE AND SUSTAINS ABOVE IT, THEY CAN LIFT NIFTY FURTHER UPWARD TOWARDS 17550-17650-17770. ON DOWN SIDE KEEP STOPLOSS BELOW 16950. REGARDS, SURYADEV BANDARI RESEARCH ANALYST  

 #nifty cmp 15780. 15500-450 support zone is Bulls last hope. More pain ahead below this zone. #elliottwave #earningwave #suryadev Regards, Suryadev Bandari Research Analyst.

 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

 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

 As expected, nifty tested 17290 approx, actual high 17285. From there, nifty witnessing selling pressure. Cmp 17205.  One minor dip expecting from current levels toward 17100-17050 zone. Buy on Dip mode. Major trend Up. Minor trend Down. Regards, Suryadev Bandari Research Analyst

#nifty cmp 17290. #bulls getting ready for bounce. Technically strong buy signal in charts. 17400 is next crucial level.  17200-180 support zone. #suryadev #elliottwave #earningwave

 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

#nifty cmp 17960. Getting ready to blast upwards. Move above 18020 gives boost to Bulls. Avoid short selling. #earningwave #Elliottwave #suryadev Regards Suryadev Bandari Research Analyst