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

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.

Earning Wave

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