Nifty broken 11680 support. Range shifted down to 11550-11635.

Nifty finally broken triangle pattern on downside last Friday. Today opened gap down and broken 11600 spot too. Presently hovering above it. Final crucial support for Bulls is at 11550 spot level. Once this crucial support breaks down, we can witness freefall in market. Keep strict stoploss to long positions. Avoid building fresh long positions.
Regards
Suryadev Bandari
Research Analyst

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LIVE ON DOORDARSHAN 8 YADAGIRI "BUSINESS MUCHATLU"

Market likely to take a PAUSE.

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

Banknifty trend Up.

Banknifty almost completed Sideways correction today around 44550 and turned up. Now it appears to be resume upward Journey tpwards 45700+. Regards, Suryadev Bandari Research Analyst.

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