Nifty cmp 18565. Stay alert. Bears can step in anytime.

Nifty cmp 18565.

Put writers started covering shorts.

Option data suggesting that any time market can give surprise to Bulls.

Keep strict stoploss to long positions.

Technically, market nearing to All time Highs, Double top pattern.

Negative Divergence at market highs, a warning bell to Bulls.

Next crucial supports at 18050-18000 zone.

Bears can strike back anytime at this juncture.

Regards,

Suryadev Bandari

Research Analyst

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.

Earning Wave

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