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Bulls absorbed yesterday's selling pressure and held Ground. Trend Up.

Yesterday, Due to RBI policy markets witnessed sharp selling pressure at higher levels but Bulls able to sustain crucial supports. Today Markets moving up with minor gap up.
Trend Remains Up.
Buy on Dip mode.
As long as Nifty holds 12000-11950 zone, Its trend up and moves towards 12100-12150+ levels.
Short Term Technical Indicator in Buy mode and bouncing from Oversold zones.
Most probably this upmove likely to continue further.
Upward targets 12100-12150+
Supports 12000-11950-11900.
Regards,
Suryadev Bandari
Research Analyst

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Bulls regained strength and moving higher.

As expected, Bulls succeeded in defending crucial support zone 12000-11970 zone and bounced back from day low levels.
Now Nifty trading in Bulls zone, short covering rally can emerge any time from now.
Bulls can take nifty higher towards 12100-12150+ levels.
Avoid fresh short sellling.
Go long for higher targets.
11970-11900 acts as strong supports.

Regards
Suryadev Bandari
Research Analyst
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Nifty@ New High. More to come.

As expected in last update, Nifty took support around 11900 and rebounded yesterday above 12000 level.
Bulls succeeded to close nifty above 12050 resistance zone.
Today it marked new all time high.
This upmove to continue further with short covering rally and fresh long positions.
12250-12300 next upward levels to watch for.
Regards,
suryadev bandari
research Analyst
www.earningwave.com

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Bull regained strength as expected. Short Covering Rally due???

Nifty bounced from key support zone 11920-11900.
Now it crossed first resistance zone 11966, and heading towards higher levels.
Above 12035, short covering rally can take nifty new higher levels.
Avoid fresh short selling in market.
continue long postions as long as nifty holds 11800 support.
Regards,
Suryadev Bandari
Research Analyst

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nifty trading near support level. Bulls can resume upmove anytime from here.

Nifty currently trading near Support zone. 11900-11920.
Key support exists at 11860-11840-11800 zone.
Bulls can regain strength and take nifty upward towards 12035 any time from current levels.
Create Long positions with 11820-11800 zone as stoploss for higher targets 12100-12150 in coming days.
regards,
Suryadev bandari
research analyst

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Bulls gain strength and successfully above 12000 level. Rally continues..

Finally, Bulls gain strength and successfully held 11800 level and even crossed 12000 level.
Now as long as nifty holds 11900, upmove continues towards 12100-12120 zone.
Buy on Dips mode.
Short covering rally comes above 12035 level,
Avoid fresh short selling.
Short sellers need to wait till 11800 support breaks.
Untill then keep building long positions with strict stoploss orders.
Resistance 12100-12120.
support 11900-11800.
Regards,
Suryadev Bandari
Research Analyst


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