Bulls stepped in at 14150 levels and leading nifty toward 15200-15250.

As expected at 14200 levels, bulls stepped in and driving markets higher.

14140 acted as strong support as forecasted.

Bulls successfully breakout 14500 barrier and there they gained strength and leading nifty higher towards 15200-15250 levels, there we shall see corrective pattern range breakout.

Overall trend Bullish. Auto, Banking and financials and Pharma looking strong for fresh long positions.

As today April Series FnO expiry, we shall see expiry related moves.

Bulls are in strong position now, buy on dip mode.

Keep stoploss below 14650 level for long positions.

Regards,

Suryadev Bandari

Research Analyst.

earningwave.com

Comments

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

Banknifty trend Up.

Banknifty almost completed Sideways correction today around 44550 and turned up. Now it appears to be resume upward Journey tpwards 45700+. Regards, Suryadev Bandari Research Analyst.

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