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Mind Blowing Strike Back by Bulls.

As expected on Budget day's update, Bulls strike hard from lower levels. New all time High's keep on forming in Nifty and Banknifty.
Six days of correction retraced fully in 2 trading days by Bulls. 
Power of Trend.
Elliottwave Forecasted this bounce at lower levels on Budget day itself.
Short sellers slaughterd by Bulls.
This buying spree continues further.
Upside to argets and stock specific levels available to paid subscribers ok only.

Regards,
Suryadev Bandari
Research Analyst.
www.earningwave.com

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 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