Minor a-b-c correction done at 16180. Now Bulls are back.

 As mentioned in last update, Nifty corrected from 16300 to 16180 levels around yesterday. My expectation was it can test 16150-160 range but it took support at 16180 level and take a U turn.

Now, Bulls are back into action.

Nifty can move up to 16388-400 zone today. 

Stock specific action can be visible today.

Investors and Traders must be choosy in selecting stocks.

Banking and Financial Sector looks promising to take fresh longs for short term and long term investment purpose.

Be with the industry leaders in stock selection.

Supports 16150-16100.

Resistance 16323-388-400.

Regards,

Suryadev Bandari

Research Analyst

www.earningwave.com




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