Skip to main content

Bears are back.

After alerted at 17400, nifty fall down to 17060.
#nifty cmp 17090. 
Once nifty breaks below 17050, we can see fierce selling pressure that can drag nifty down towards 16850-750.
#tradingview
#investing 
#nifty
#elliottwave
#earningwave 
#suryadev

Comments

Popular posts from this blog

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