Earning Wave

 Nifty reversed from our projected level 17795.  Today it bounced back above 18000 level, Day high 18140. Retraced to 18000 and bouncing back. As long as nifty holds 18000 psychological support level, Bulls can attempt to move towards 18300+ level in coming sessions. Regards, Suryadev Bandari Research Analyst

 Banknifty broken key support and trading just above crucial support 42750. Break below this support means , more pain ahead in Banknifty. Next support zone 42000-41700. Resistance remains at 43200.43300. Its putting pressure on Nifty too. As far as possible, exit from long positions in Banking stocks. Regards, Suryadev Bandari Research Analyst