Skip to main content

Bulls back into action.

Bulls staged back and protected crucial support zone 9030-9000 and succeeded to close above 9130.
Today also bulls can take nifty higher above 9175-9230 zone.
As long as nifty holds 9030-9000 support zone, it can move up to 9250-9400+ levels positionally.
Short term traders can initiate fresh long position for 9250-9400 targets.
Keep strict stoploss below 9030-9000 zone.
Regards,
Suryadev Bandari
Research Analyst

Comments

Popular posts from this blog

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