Earning Wave

Bulls stepped in and protected crucial support levels 17975-950 zone  From there it bounced to 18200 above and closed at 18125. Next level to watch 18385. Once this level crossed, Bulls will be Furious and head to new highs. Regards, Suryadev Bandari Research Analyst

 

 Finally, nifty crossed successfully most rigid and psychological resistance 18000 level and successful in holding above this level since it crossed today. Now short covering and fresh buying will lift nifty further more above 18100-18150 zone. Even now, there is plenty of buying opportunities in select sectors and select stocks. Avoid short selling at this level. Technicals are strong and favoring bulls. Next resistance zone to watchout for next move 18100-18150 zone. Supports 17850-800 zone. Regards, Suryadev Bandari Research Analyst www.earningwave.com