Nifty likely to break 10775 crucial support level. Avoid long positions.

Nifty everyday making new lows and breaking daily, weekly and monthly support levels one by one. Now crucial level to watch is at 10775 spot level. This support is vulnerable now, likely to break this support soon. as far as possible avoid taking long positions. Intraday bounces not going to sustain. Every bounce witnessing short selling and selling pressure.

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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