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Bulls Eye on 17400-500.

Nifty closed at new record High yesterday at 17234.
Broad-based buying happening in the market.
Multiple sectors are participating in this rally.

Bank Nifty heading towards previous all time higher levels 

Financial services sector also started rally.
Next higher levels to watch in nifty are 17400-17500.

Key Supports at 17000-16900.

Buy on Dip mode.

Regards,
Suryadev Bandari
Research Analyst.
www.earningwave.com

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 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