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Showing posts from May, 2021

లాభ నష్టాల మధ్య ఊగిసలాడుతున దేశీయ మార్కెట్ || ABN Bussiness || ABN BITS

A-B-C Running correction going on in NIfty. Buy on Dip mode.

Nifty pattern appears to be a-b-c running correction. Nifty cmp 14635. Move above 14700 would be a confirmation that nifty head towards 14950-15100 zone in coming sessions. Metals witnessing profit booking as it moved up fast and traders taking profits at higher levels. Next bullish looking sectors are Auto and Banking and Financials. Accumulate them in lower levels. very soon we see buying spree in these sectors. Regards Suryadev Bandari Research Analyst

Nifty in Buy on Dip mode as larger degree trend is still in Uptrend.

Primary degree trend in NIfty is uptrend. Every Dip is a buying opportunity. Those who miss the move at 14400 levels, now rush to enter long positions. As long as nifty holds 14600-550 zone, upward move resumes towards resistance zone 15100-15200.  investors and traders prefer to take long positions in Equities rather than Futures and Options. Supports 14775-715. Resistance 15050-15200. Regards, Suryadev Bandari Research Analyst

larger trend bullish. Side by Side white candle in Weekly charts.

 Side by Side White candle in Weekly charts suggesting that larger degree trend is now bullish. This is only this begining of upmove, a lot more upside is possible in coming days. Every dip is a buying opportunity. Close above 14600 is a good confirmation for bulls. Regards, Suryadev Bandari Research Analyst