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Showing posts from January, 2021

Buy on Dips Market. 14700-14750 next directional targets for nifty.

 Nifty cmp 14514. As mentioned earlier, every dip is a buying opportunity as major trend is upward. Nifty completed minor correction from 14652-14436 in the form of a-b-c zigzag.  From that low point , impulsive upmove has begun, which can move up towards 14700-14750. For the short term point of view, Metals and Banks likely to lead nifty upward. Be stock specific. Regards, Suryadev Bandari Research Analyst

Major trend still upside. 14300-14400 possible positionally.

 Nifty major trend still upwards. Every dip is being bought into. As I mentioned before, every 100-150 point fall can be utilize to create fresh long positions for short term trading purpose. Nifty resistance trendline at 14300-14400 for short term. Nifty can achieve this target positionally. Stock specific moves likely to continue. Be stock specific in entering long positions. Avoid short selling for awhile. Go with the main trend. Banking sector looks bullish and pharma to join soon. Regards, Suryadev Bandari Research Analyst