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

www.earningwave.com