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Showing posts from December, 2020

Nifty achieved my forecast targets both 13900-14000. Farewell to 2020.

 Nifty achieved my projected targets 13900 and 14000 level.  Enjoy profits. 2020 witnessed huge volatility in markets and finally closing at year high levels. Expecting 2021 would also starts with good new high levels in market. Be stock specific.  Happy trading. Farewell to 2020. Regards, Suryadev Bandari Research Analyst www.earningwave.com

13100 support intact. Nifty Heading towards 13900-14000.

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 Nifty cooled off bit from over bought zone and took support near 13130 and bounced back. Nifty successfully breakout 13500 level and now heading towards 14000+ levels positionally. Recent dip was a good buying opportunity for traders to enter new long positions. Fall was corrective nature and impulsive bounce is due. many of stocks witnessed minor correction and upmove is due and its started. Pharma and banking stocks looks good for short term long trades. Support 13130-13000. Upside targets 13900-14000. Regards, Suryadev Bandari Research Analyst www.earningwave.com

Bulls are resilient at higher levels. 13800 likely next move.

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 Nifty, as forecasted before, sustained 13400 support and move past 13600 level. Every dip being bought into. Majority of stocks still showing some kind of up move left. Bulls are very resilient at higher levels. In this kind of scenario, trader should follow trend with proper stop-loss orders. Going against trend is fatal to capital. Unless we get strong confirmation of trend reversal, one should avoid short selling ideas. Keep booking profits wherever possible at least partial.  For the short term point of view, some bounce can be expected in Banking, metals, pharma and IT sectors in coming sessions. Be stock specific trading.  Crucial supports at 13535-13500. as long as nifty trade above this level, it can bounce back to 13800+. Regards, Suryadev Bandari Research  Analyst www.earningwave.com

Market at short term support 13380-13400. Bounce back to 13500 above possible. Avoid short selling.

 Nifty after testing new high yesterday, today facing minor profit booking. Currently, nifty took support at minor support zone 13380-13400 in the opening hour. Bulls holding short term support zone means, we can expect pull back rally to 13500 above from here. Upside trendline resistance at 13580-13600. This trendline slopping upward so resistance level can increase more day after day. Keep strict stop-loss to long positions below 13380 spot. for higher targets. Unless nifty close below crucial support 13200, avoid short selling. Regards, Suryadev Bandari Research Analyst. www.earningwave.com