Get ready for New Highz.

Nifty previous high 12157.

Banknifty Previous High 32157.

Next week all set to break these highs and move higher.

Buy on Dips market.

Short covering and Fresh long positions to take market higher.

BULLS FULLY CHARGED UP.

regards,

SURYADEV BANDARI

RESEARCH ANALYST.

LIVE ON DOORDARSHAN 8 YADAGIRI "BUSINESS MUCHATLU"

Exhaustion gap formed. Bulls strength eroded???.

Nifty bounced back strongly on back of Major news announcement of Cut in Corporate Tax on Friday. Today nifty retraced 61.8% of entire fall. As of Now, wave 2 in finishing stages. More possibility for Wave 3 down to begin any time soon. Hence, Be cautious. Its time to reduce long positions. Profit booking time. From current levels, nifty likely to retest 11000 levels anytime. Short term top made. New highs may not be possible from here. Keep booking profits in long positions. Wave 3 Impulsive Down move can begin any time. Regards, Suryadev Bandari Research Analyst www.earningwave.com

Earning Wave

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