Earning Wave

  #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 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

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.

  #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 16630. Double three correction (abc-x-abc) unfolding.  Recent rise from 15700-16750 was X-WAVE. Next down move can begin from tomorrow.  Protect longs with strict stoploss.   http:// earningwave.com #Nifty #Elliottwave #Earningwave #suryadev   Regards, Suryadev Bandari Research Analyst, SEBI.

 #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

#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

Bulls stepped in and protected crucial support levels 17975-950 zone  From there it bounced to 18200 above and closed at 18125. Next level to watch 18385. Once this level crossed, Bulls will be Furious and head to new highs. Regards, Suryadev Bandari Research Analyst