nifty holding ground on 14530-14630 gap area. Bulls can Step in.

As expected nifty fell from Thursday's high. Achieved my expected level on down side.

Now nifty holding on gap area 14530-14630 zone.

here, Bulls can step in and lift market higher again.

Move above 14630 would be considered as bullish sign.

Cover your shorts here and Go long with stoploss below 14440.

regards,

Suryadev Bandari

Research Analyst.

www.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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