Earning Wave

 Nifty cmp 17400.  As per updated data, latest chart and Most preferred wave counts updated. abc correction which was started at 18600, now coming to end near anywhere between 17420-320 zone. As shown in chart, its a abc corrective pattern , investors no need to get panic, we can see sharp recovery as part of wave 5.  Move above 17835 , we get confirmation of uptrend resumed. ON the down side we get support around 17420-320 zone. Regards, Suryadev Bandari Research Analyst www.earningwave.com

 Nifty fell from 18200 to 17700 zone as wave ii pattern. and Impulsive rally as wave iii can begun anytime from here . cmp 17740. next swing high is at 18345 and 18550. Technically long term trend is still bullish mode. Hence this can be buy on dip market. Unless nifty breaks down 17620-600 zone, bias remains bullish. 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

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

 

 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

 Nifty cmp 17650. Bulls absorbed selling pressure and anytime nifty likelty to move up higher towards 17950 levels. Avoid fresh shorts. Build long positions with stoploss below 17500. Banks, metals, Auto, Pharma next sectors to participate in rally. Be stock specific. Regards, Suryadev Bandari Research Analyst www.earningwave.com