Earning Wave

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17820 Crucial support for Bulls. What if it Breaks????

#nifty cmp 17875. Bulls must hold 17820 crucial support to move higher. ONce it breaks this levels, next target on downside 17720 and lower. #nifty #investing #tradingview #stockmarket #elliottwave Fresh selling pressure emerges below 17720 spot level. Be cautious on holding long positions. regards, suraydev bandari research Analyst

Banknifty Critical support at 41240.

#Banknifty cmp 41340. Critical support @41240. Below this level, Bears lead banknifty. Trade cautiously. Regards, suryadev bandari research analyst

Markets at Crucial Juncture. Close Below 17555 would trigger panic selling.

Nifty reversed from 18200 zone and fell 17450 on Budget Day. Now nifty holding on crucial support zone 17555-17500 zone. Once nifty close below this level, we can say , panic selling may trigger. Fundamentally, many bad news coming every day. this kind of panic can continue some more days. Avoid buying fresh long positions for investment. Next level to watch 16800. Regards, Suryadev Bandari Research Analyst

18000-17920 crucial support for Bulls. Above 18300 possible.

Nifty reversed from our projected level 17795. Today it bounced back above 18000 level, Day high 18140. Retraced to 18000 and bouncing back. As long as nifty holds 18000 psychological support level, Bulls can attempt to move towards 18300+ level in coming sessions. Regards, Suryadev Bandari Research Analyst

Banknifty Heading downwards. Key crucial support 42750. Next target 42000-41700.

Banknifty broken key support and trading just above crucial support 42750. Break below this support means , more pain ahead in Banknifty. Next support zone 42000-41700. Resistance remains at 43200.43300. Its putting pressure on Nifty too. As far as possible, exit from long positions in Banking stocks. Regards, Suryadev Bandari Research Analyst

Nifty Bearish again. cmp 18200.

Nifty tested 18265 spot and took U turn. sell on Rise mode. Nifty can head towards 17800-17300-17100 positionally. Resistance remains at 18300-350 zone. In extreme volatile case, it can be 18460. Regards, suryadev bandari research analyst.

Once again Nifty vulnerable to correct till 17300-17100.

Minor counter trend move appears to be completed in Nifty and down trend can resume again towards 17300-17100 zone from current levels. Sell on Rise mode. Resistance placed at 18250-300 zone. regards, suryadev bandari research analyst