Earning Wave

 Nifty cmp 23485. Bulls attempt failed at 23567 and again fall back to day low. stay alert.  More downside possible from here. Next key supports at 23300-150 zone in coming sessions. Keep strict stoploss to long positions. regards, Suryadev Bandari Research Analyst  

 Nifty formed inverted hammer/shooting star formation in end of day charts today.  this kind of formation at key resistance zone indicating that there could be more downside move ahead in coming sessions. Hence, keep strict stoploss. Next key support level to be watched on closing basis is at 23950. Close below this level gives more strength to Bears. Keep strict stoploss. regards, suryadev bandari research analyst  

 Nifty cmp 24110.  Rising Wedge pattern visible. 23650 looks possible in coming days. stay alert. regards, suryadev bandari research analyst

 Nifty Bulls again failed to sustain above 23750 spot level and slipped below 23600. In daily time frame, Bearish reversal candle formed . It's time to stay alert as bigger selloff can trigger below 23555 spot level from tomorrow. Keep strict stoploss. regards, Suryadev Bandari Research Analyst

 Nifty tested our resistance zone 23800 but failed to sustain there and bears dragged nifty lower. Now next key support at 23150, this is laxman rekha for trend deciding level. Once Bulls fails to hold this support 23150 on closing basis, Next direction is down side begins. Keep strict stoploss to long positions.  severe selloff possible below 23150 support. regards Suryadev Bandari Research Analyst

 #nifty cmp 23836.  DoubleCorrection (w-x-y ) visible in hourly charts.  Most probably fresh upmove can start from here.  #investing #tradingview #stockmarkets #elliottwave #earningwave Regards Suryadev Bandari Research Analyst