Bulls Failed to surpass 23800 resistance zone. Bears getting strength now.

Nifty tested our resistance zone 23800 but failed to sustain there and bears dragged nifty lower.

Now next key support at 23150, this is laxman rekha for trend deciding level.

Once Bulls fails to hold this support 23150 on closing basis, Next direction is down side begins.

Keep strict stoploss to long positions.

severe selloff possible below 23150 support.

regards

Suryadev Bandari

Research Analyst

Comments

#nifty poised to make new all time high soon.

#nifty cmp 22597. #Bulls strongly holding key supports. 22350-440 zone. As long as nifty trades above this zone, its poised to make breakout all time high. Upside resistance trendline around 23110-23250 zone. Regards, Suryadev Bandari Research Analyst #tradingview #investing #stockmarkets #elliottwave #earningwave #suryadev

Once again market turned bullish.

Nifty heading towards 25000+ levels Banknifty heading towards 54500-55000 levels. Buy on dip mode Key supports for nifty 24200-150 zone. Key supports for Banknifty 51750-500 zone. as long as above levels holds, market moves higher. Regards, Suryadev Bandari Research Analyst

NIfty fall likely to take a pause.

Nifty banknifty both oversold and likely to take a pause. Close Above 25485 Bullish for nifty, Close Below 24800 Bearish. Close Above 52600 Bullish for Banknifty and Close Below 51190 Bearish. wait and watch mode now. Regards, Suryadev Bandari Research Analyst

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