Earning Wave

 HDFCBANK RESULTS PUTTING PRESSURE ON BANKING STOCKS. BANKNIFTY TRADING BELOW 40 DAY MOVING AVERAGE WHICH IS FIRST WEAKNESS SIGN. PROBABLY MAJOR TREND REVERSAL ON CARDS ONLY ABOVE 46600 LEVEL, BANKNIFTY CAN GIVE US HOPES OF SHORT COVERING UNTIL THEN EVERY BOUNCE IS FACES SELLING PRESSURE. STAY ALERT. REGARDS, SURYADEV BANDARI RESEARCH ANALYST

 #nifty cmp 21808. #banknifty 47620. came out of congestion zone and marching towards new highs. Avoid fresh short positions.  IT sector leading upwards. Regards, Suryadev Bandari Research Analyst  

 Nifty and Banknifty almost done Triple correction pattern from day low to cmp.21260 and 47900.respectively. Down trending move can resume anytime from here. towards 20600-and 45500 positionally Stay alert. Regards, suryadev bandari research analyst

 #nifty cmp 20260. #banknifty 44890. #indiaVix at 12.6. Above 13 level, volatility to increase.  Stay cautious.  Markets at high and volatility rising, giving indication of top is near.  Keep stoploss to long positions.    #investing #tradingview #stockmarkets #elliottwave #earningwave #suryadev   regards, suryadev bandari research analyst  

 #nifty cmp 19572. #Bulls critical support and last hope is at 19448 spot level. Once it breaks down, more pain ahead. #Banknifty 43777. #bulls critical support and last hope at 43600 spot. Close below this level triggers huge selloff. Regards, Suryadev Bandari Research Analyst

  #banknifty 46020 and #nifty 20120 are very crucial support levels for today. Break and sustain below , sudden selloff likely to emerge. stay alert. #tradingview #investing #elliottwave #earningwave #stockmarkets #stockmarketcrash

 After our update, Nifty rallied from 19225 to 20095, it appears that, nifty likely to take a pause before another rally. Technically , Negative Divergence formed in Hourly charts. Five inner waves appears to be completed as per Elliottwave Perspective. Several other parameters indicating that markets likely to cooloff from over bought position. It's time to be cautious on taking fresh long positions.  As far as possible, keep booking profits, at least , partial profit booking and keep strict stoploss to remaining long positions. Key supports to watch 20000-19870-19700.  Resistance 20100-20200. Regards, Suryadev Bandari Research Analyst