Earning Wave

 Nifty consolidated in tight range of 15600-15960 from past one month approx, now its ready to breakout this range and move higher side. Elliottwave Point of view, sideways double correction pattern done at recent low 15575. From there we witnessed Buying attraction in market. Next level to watch on higher side is 15975 and 16070 zone. As we entered into last week of Monthly expiry, I am expecting sharp moves on higher side once nifty able to surpass 16070 level. IT and Banking and Finance sectors likely to support nifty to move higher. Traders and Investors can initiate fresh long positions with stoploss below 15750 spot level. Regards, suryadev bandari research analyst

 Nifty trading in critical support zone. Series of Bullish divergence formations in this support zone indicating that Bulls can strike back anytime today. Avoid Fresh short selling. Its time to cover shorts, if shorted at higher level, if any. Technically oversold. Every dip can be a buying opportunity for investors and short term traders . Regards, Suryadev Bandari Research Analyst www.earningwave.com

  Bulls ready to breakout most awaiting resistance zone 15900-920.  Stoploss below 15640. Regards, Suryadev Bandari Research Analyst www.earningwave.com

 NIfty cmp 15826. After spending time in sideways consolidation, market back into upmove. Bulls can take nifty upto 15920 first, then 16050 zone. Supports at 15745 and 15670.  investors and traders can initiate fresh long positions in quality stocks Once nifty surpass 15840 resistance level, then bulls will control the market. Shorts squeeze can begin above 16000 level. Avoid fresh short selling. Regards, Suryadev Bandari Research Analyst www.earningwave.com    

 NIfty completed minor wave in flat pattern as shown in chart below, Bulls to resume their move from hereon, which can take nifty above 16000 levels. Avoid fresh shorting. Build fresh long positions with stoploss below 15500. Metals, FMCG, IT can lift nifty upwards. Resistance 16070-16220. Support 15500-550. Regards, Suryadev Bandari Research Analyst www.earningwave.com  

 As expected , Nifty surpassed 15430 level and now its trading near 15670.  More upside is possible from here. Metals and Banking and Finance also looking Bullish. As per my view, this uptrend can continue above 16000 as more sectors and stocks to participate in this rally. Be stock specific. Avoid small cap.(Importantly for new investors and traders).