Earning Wave

 After our update, Nifty rallied from 19225 to 20095, it appears that, nifty likely to take a pause before another rally. Technically , Negative Divergence formed in Hourly charts. Five inner waves appears to be completed as per Elliottwave Perspective. Several other parameters indicating that markets likely to cooloff from over bought position. It's time to be cautious on taking fresh long positions.  As far as possible, keep booking profits, at least , partial profit booking and keep strict stoploss to remaining long positions. Key supports to watch 20000-19870-19700.  Resistance 20100-20200. Regards, Suryadev Bandari Research Analyst

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

#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

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

Nifty closed at new record High yesterday at 17234. Broad-based buying happening in the market. Multiple sectors are participating in this rally. Bank Nifty heading towards previous all time higher levels  Financial services sector also started rally. Next higher levels to watch in nifty are 17400-17500. Key Supports at 17000-16900. Buy on Dip mode. Regards, Suryadev Bandari Research Analyst. www.earningwave.com

 Nifty rallied nearly 830 points non-stop in 7 trading sessions. Short term point of view, markets likely to take pause and can retrace to anywhere between 16150-15950. Short traders can book at least partial profits and wait for dip to re enter at lower levels. Banknifty too rallied from 34140 to 36220 , nearly 2000 points in 7 trading sessions. Banknifty can retrace anywhere between 35400-35000 zone. New traders can wait for a dip and initiate long positions at above said retracement zones. Regards, Suryadev Bandari Research Analyst www.earningwave.com

As expected in last update, Nifty moved upward from 15220 to 15400 zone  From 15430 level, minor corrective pattern has begun and it completed yesterday at 15170. Double correction pattern, zigzag and Flat pattern.  Moreover, Nifty tested lower gap between 15245 to 15185 zone. This gap held as crucial support on closing basis. Now Nifty heading towards 15450-15500 zone. Major trend up. Initiate fresh long positions for higher levels 15500+. Keep stoploss at 15040 for long positions. Regards, Suryadev Bandari Research Analyst www.earningwave.com

 Bulls are in full Josh. Broad indices participating in current rally so this rally to continue further.  Buy On Dips market.  Current market providing opportunities for both Bulls and Bears. Shorting in this kind of market needs expertise so normal traders avoid shorting and Buy on Every dip to participate in rally. Majority of sectors completed corrective pattern and begun fresh upmove. Be stock specific in entering trades.  Metals, Pharma, Banking stocks looking bullish. Nifty has begun its fresh upmove from Budeget day.  On the Upside watch 15077-15265 levels to watch. On the down side supports exists at 14680-14600 zone. Regards, Suryadev Bandari Research Analyst www.earningwave.com

As expected on Budget day's update, Bulls strike hard from lower levels. New all time High's keep on forming in Nifty and Banknifty. Six days of correction retraced fully in 2 trading days by Bulls.  Power of Trend. Elliottwave Forecasted this bounce at lower levels on Budget day itself. Short sellers slaughterd by Bulls. This buying spree continues further. Upside to argets and stock specific levels available to paid subscribers ok only. Regards, Suryadev Bandari Research Analyst. www.earningwave.com

Today Bulls awaiting for Budget presentation.  Market already corrected aggressively. Ground preparing for good decent bounce back. If anybody holding short positions or Put Options, cover them in intraday Dips.  Overall pattern looks like correction at the ending stage and anytime pull back rally begins. After Budget session, Bulls can strike back and take Nifty to higher levels. Regards,  Suryadev Bandari Research Analyst www.earningwave.com

Nifty cmp 13824.  Nifty retraced 61.8% of previous wave.  Nifty has gap area at 13811-13775 zone, this can acts as support zone. Most probably market fall can stop here and fresh upmove can start from here. Most of the stocks also at finishing stage of wave 4 correction, impulsive wave can begin soon in high beta stocks. Be stock specific. Levels to watch: Move above 14000 positive indication for Bulls. Move above 14230 bullish confirmation. Bears active move below 13600. Regards, Suryadev Bandari Research Analyst. www.earningwave.com

 Previously nifty expected pattern was Running Flat pattern. By updated data, it appears like Expanding flat pattern in which, a and b waves are completed and wave c of corrective pattern either completed or about to complete its formation. Once wave c of corrective pattern ends, we can witness sharp bounce back. Long term indicators suggesting Bullish outcome this month. Support 14150-14350. Resistance/Targets 14800+ Regards, Suryadev Bandari Research Analyst www.earningwave.com

 Nifty in process of finishing  Running Flat pattern or already finished on Friday itself. Running flat support at 14300-14270 zone.  On completion, Impulsive Wave in Upside begins with a bang which can lift nifty towards 14800+ levels in coming sessions, Majority of Stocks mostly in process of corrective patterns.  on looking at various technical indicators and price patterns, a-b-c running flat pattern is most valid wave count and any time soon market rebound to higher levels. Majority of high beta stocks, index stocks are at the ending levels of corrective pattern. Hence, we can see decent and sharp rally to new highs in coming sessions. Be stock specific. Banknifty too in corrective pattern and can witness major buying interest in coming sessions. Regards, Suryadev Bandari Research Analyst www.earningwave.com

 Nifty cmp 14514. As mentioned earlier, every dip is a buying opportunity as major trend is upward. Nifty completed minor correction from 14652-14436 in the form of a-b-c zigzag.  From that low point , impulsive upmove has begun, which can move up towards 14700-14750. For the short term point of view, Metals and Banks likely to lead nifty upward. Be stock specific. Regards, Suryadev Bandari Research Analyst www.earningwave.com

 Nifty major trend still upwards. Every dip is being bought into. As I mentioned before, every 100-150 point fall can be utilize to create fresh long positions for short term trading purpose. Nifty resistance trendline at 14300-14400 for short term. Nifty can achieve this target positionally. Stock specific moves likely to continue. Be stock specific in entering long positions. Avoid short selling for awhile. Go with the main trend. Banking sector looks bullish and pharma to join soon. Regards, Suryadev Bandari Research Analyst www.earningwave.com

 Nifty cooled off bit from over bought zone and took support near 13130 and bounced back. Nifty successfully breakout 13500 level and now heading towards 14000+ levels positionally. Recent dip was a good buying opportunity for traders to enter new long positions. Fall was corrective nature and impulsive bounce is due. many of stocks witnessed minor correction and upmove is due and its started. Pharma and banking stocks looks good for short term long trades. Support 13130-13000. Upside targets 13900-14000. Regards, Suryadev Bandari Research Analyst www.earningwave.com

 Nifty, as forecasted before, sustained 13400 support and move past 13600 level. Every dip being bought into. Majority of stocks still showing some kind of up move left. Bulls are very resilient at higher levels. In this kind of scenario, trader should follow trend with proper stop-loss orders. Going against trend is fatal to capital. Unless we get strong confirmation of trend reversal, one should avoid short selling ideas. Keep booking profits wherever possible at least partial.  For the short term point of view, some bounce can be expected in Banking, metals, pharma and IT sectors in coming sessions. Be stock specific trading.  Crucial supports at 13535-13500. as long as nifty trade above this level, it can bounce back to 13800+. Regards, Suryadev Bandari Research  Analyst www.earningwave.com