#nifty50 cmp 17577. Almost completed minor abc counter trend bounce yesterday from 17345 to 17620. Impulsive down wave can begin today which can break down yesterday low. i.e., 17345. https://t.co/xK2inUMW4k
#nifty50 cmp 17595. 17620 very crucial support for Bulls. If they unable to regain this support level, heavy selling may emerge from current levels. Key supports are being breaking down easily. Its time tjink about major trend reversal. More downside pressure ahead. Regards, Suryadev bandari Research Analyst
Both nifty and banknifty at peak levels and forming top reversal formations at star formation. Most possibly reversal can happen anytime soon. Regards, Suryadev Bandari Research Analyst
Nifty cmp 17440. Stay cautious, markets can take reversal anytime from here. Markets on edge. Clear negative divergence . Keep Strict stoploss for longs. 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
#nifty50 cmp 16490. Bullish Divergence formed in nifty at support level making it significant. 16700 above we will see short covering rally towards 17000+ Regards Suryadev Bandari Research Analyst.