Preserve/Secure your capital in this turbulant times.

Nifty cmp 16500.

As mentioned in last update, Nifty breakdown crucial support zone 17070-17000 and even its 200DMA.

On this turbulent time of Russia Ukrain War, I request all the viewer that, secure your capital first.

Market takes time to recover and move up.

Crude oil Jumped above $110 and Gold Crossing Resistances one by one.

Crude oil can continue its up move further more. It would result in High inflation and High interest rates in near future. All these factors would have negative impact in Economy as well as Stock Markets.

Midcap stocks and Small cap stock can effect more in this situation negatively.

As far as possible, cut your losses and preserve your Capital.

Stay in Cash.

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.

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