Earning Wave

 Nifty heading towards 25000+ levels Banknifty heading towards 54500-55000 levels. Buy on dip mode Key supports for nifty 24200-150 zone. Key supports for Banknifty 51750-500 zone. as long as above levels holds, market moves higher. Regards, Suryadev Bandari Research Analyst

 Nifty trading below 20dma 22560. First sign of weakness. more downside possible ahead. Reduce long positions. Next key levels 22060-21800. Regards, Suryadev Bandari Research analyst

As expected, minor retracement done today opening.  Now markets likely to resume upmove towards new highs. cover your shorts, if any.   regards, suryadev bandari research analyst  

 As expected nifty turned bullish above 22800 level and made new high today at 23110 and showing some kind of profit booking. So what's next.??? It may dip towards 22800-780 zone minimum from here. Contrarily, close above 23130 would again turns bullish. Hence, 23130 is negation level for this bearish view. Book profits wherever possible. at least in partial profit booking. Regards, suryadev bandari research analyst

  #nifty cmp 22597.   #Bulls strongly holding key supports. 22350-440 zone.  As long as nifty trades above this zone, its poised to make breakout all time high. Upside resistance trendline around 23110-23250 zone. Regards, Suryadev Bandari Research Analyst   #tradingview #investing #stockmarkets #elliottwave #earningwave #suryadev    

#Bulls failed to sustain above 22300 today, 16 May , 2024. Now watch key support at 21980 and 21800 zone on closing basis. Close below 21980 again put bulls under pressure as weekly charts slips into bear territory below this zone. Keep strict stoploss to long positions. keep booking profits wherever possible. Avoid taking fresh long positions. Regards, Suryadev Bandari Research Analyst

 Today nifty made high at 22600 and facing selling pressure. By looking at selling pressure from day high to 22400 below levels, it appears that, nifty made medium term top today and vulnerable to correction from here. Stay cautious. Bulls need to sustain 22000 support levels, if that breaks down, we can expect more pain in market. Regards, suryadev bandari research analyst