Earning Wave

#nifty50 cmp 16490. Bullish Divergence formed in nifty at support level making it significant. 16700 above we will see short covering rally towards 17000+ Regards Suryadev Bandari Research Analyst.

 As per my previous forecast, nifty achieved my target level 16400 and now trading above 16560 level. Bulls are in full josh. more higher levels to come in coming sessions. regards, suryadev bandari research analyst

 #nifty50 cmp 16280. 16303 spot level crucial to breakout to move higher levels towards 16400+ . Yesterday nifty successfully breakout previous swing high 16275 spot and closed above it. Due to global markets, today nifty opened little below previous close and successfully swing back to green zone. On going upward move likely to continue further towards 16400+ from current levels. Keep 16100 as strict stoploss for long positions. regards, suryadev bandari research analyst

 Nifty cmp @16050. After prolonged sideways correction pattern, triple correction, nifty formed short term bottom around 15858. Now it gave clear indication of upmove from hereon. Next upside targets would be 16290/16400. Supports 15850. regards suryadev bandari research analyst

 Nifty cmp 16140. Nifty recorded high 16275 on Friday. After 2 days consolidation, nifty today likely to breakout that high 16275 from current levels. Above 16275, short covering lifts nifty towards 16400+ levels. As long as nifty trades above 16060, avoid fresh shorts. Buy on Dips mode. Regards, Suryadev Bandari Research Analyst

 As per forecast in last update, nifty achieved its target 16120. Book profits in long positions. As today weekly options expiry, nifty can witness huge volatility between 16000-16200 zone. regards, suryadev bandari ResearchAnalyst