Earning Wave

 Bulls not getting enough strength to lift nifty towards 22350-450 zone as minor bounce. Hence, further fall expecting from here towards 22000-21800 positionally.  Resistance at 22500-725 zone. key support zone at 22000-21800, Regards, Suryadev Bandari Research analyst

 #Nifty cmp 22235. Oversold now.  Technical pull back can lift nifty up to 22450-475. Key support at 22044-21800.  Regards, Suryadev Bandari Research Analyst

 22800-725 zone is very crucial for Bulls. Once breaks and close below this zone means, more pain ahead in coming sessions. To continue upward momentum, Bulls need to cross key resistance zone 23150-23250 zone. As long as Nifty stay below 23000 psychological support level, trend remains Bearish. Regards, Suryadev Bandari Research Analyst

 

 #bulls need to protect #nifty #crucialsupport at 24000. This is also a important Psychological support. Once this support breaks, more pain ahead in coming sessions. So , keep strict stoploss to long positions, if any. Regards, Suryadev Bandari Research Analyst

 Nifty faced resistance around 24536. Bulls failed to keep upward momentum and slipped down to 24200 levels today. Key intraday support around 24190-170. Once this zone breaks down, Nifty likely to face more selling pressure towards 23450-500 zone in coming days. Key resistance around 24680-700 zone. Regards, Suryadev Bandari Research Analyst

 Nifty banknifty both oversold and likely to take a pause. Close Above 25485 Bullish for nifty, Close Below 24800 Bearish. Close Above 52600 Bullish for Banknifty and Close Below 51190 Bearish. wait and watch mode now.  Regards, Suryadev Bandari Research Analyst