Earning Wave

 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 16860.  16850-16980 ZONE STRONG RESISTANCE ZONE.  MOST LIKELY X-WAVE CAN END IN THIS ZONE AND NEXT SET OF CORRECTION PATTERN CAN BEGIN FROM HERE.  PROTECT LONGS WITH STOPLOSS.   #ELLIOTTWAVE   #EARNINGWAVE     #SURYADEV     #BEARS   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 16500.  As mentioned in last update, Nifty breakdown crucial support zone 17070-17000 and even its 200DMA. On this turbulent time of Russia Ukrain War, I request all the viewer that, secure your capital first. Market takes time to recover and move up. Crude oil Jumped above $110 and Gold Crossing Resistances one by one. Crude oil can continue its up move further more. It would result in High inflation and High interest rates in near future. All these factors would have negative impact in Economy as well as Stock Markets. Midcap stocks and Small cap stock can effect more in this situation negatively. As far as possible, cut your losses and preserve your Capital. Stay in Cash. Regards, Suryadev Bandari Research Analyst www.earningwave.com