Earning Wave

 Nifty cmp 22945 It seems larger degree wave 2 in form of abc-flat pattern (3-3-5) about to finish. any time severe selloff resume soon.  wherever possible, book profits in long positions. keep strict stoploss. Its time to book profits in long positions and reduce long exposure, not the time to build fresh long positions.  22500 below weakness starts. regards, Suryadev Bandari Research Analyst  

 RBI hiked 25 basis points of interest rates. It has changed its stance to "Calibrated tightening" from 'neutral'. It means, there is open chances for  further rate hikes depending on updated data or status quo, but no chance for rate cuts. This makes negative impact on our markets. Our market trend remain bearish. stay alert. keep strict stoploss. avoid fresh investments until we get clear resistance breakout above 23000. Recent lows likely to breakdown soon. regards,  Suryadev Bandari Research Analyst, SEBI registered 

 Nifty almost completed minor pullback in abc counter trend structure. Now its again get selling pressure below 22680 spot level towards 22300-22000 zone positionally. stay alert. Key resistance zone at 22800-23000 zone. regards, suryadev bandari research analyst  

 Nifty cmp 23485. Bulls attempt failed at 23567 and again fall back to day low. stay alert.  More downside possible from here. Next key supports at 23300-150 zone in coming sessions. Keep strict stoploss to long positions. regards, Suryadev Bandari Research Analyst  

 Nifty formed inverted hammer/shooting star formation in end of day charts today.  this kind of formation at key resistance zone indicating that there could be more downside move ahead in coming sessions. Hence, keep strict stoploss. Next key support level to be watched on closing basis is at 23950. Close below this level gives more strength to Bears. Keep strict stoploss. regards, suryadev bandari research analyst  

 Nifty cmp 24110.  Rising Wedge pattern visible. 23650 looks possible in coming days. stay alert. regards, suryadev bandari research analyst

 Nifty Bulls again failed to sustain above 23750 spot level and slipped below 23600. In daily time frame, Bearish reversal candle formed . It's time to stay alert as bigger selloff can trigger below 23555 spot level from tomorrow. Keep strict stoploss. regards, Suryadev Bandari Research Analyst

 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

 #nifty cmp 23836.  DoubleCorrection (w-x-y ) visible in hourly charts.  Most probably fresh upmove can start from here.  #investing #tradingview #stockmarkets #elliottwave #earningwave Regards Suryadev Bandari Research Analyst

 Nifty cmp 23963.  Next hurdle at 24260-270 zone. Key trend deciding level at 24850-900 zone. key support at 23450. Keep strict stoploss. regards, suryadev bandari research analyst

#nifty cmp 25562.  stay alert.  key supports holding, market can take any direction.  Upside resistance 25818-900  Downside supports at 25450-440. keep strict stoploss.  #investing  #tradingview  #elliottwave  #stockmarkets #NSE Regards, Suryadev Bandari Research Analyst

 #nifty 24950.  #bulls last hope24920-900.  Once this level breaks and close below, then new lower targets opens.  Deeper correction possible positionally.   Keep strict stoploss. Regards, Suryadev Bandari Research Analyst  #tradingview #investing #elliottwave

 #nifty cmp 25250. #deadcross in 50 and 100 dma.  Every bounce getting sold off.  stay alert.  #bulls last hope 25165 (200dma).  keep strict stoploss.  #Elliottwave #investing #tradingview #stockmarketsindia  #trend #suryadevbandari Regards, suryadev bandari research analyst

 Nifty breakdown consolidation 25700-25500 and trading lower . Its time to stay alert.  Avoid fresh long positions unless we some sort of strength in lower levels. Geo-political news dominating the market that leading to selloff in market.  stay alert. regards, suryadev bandari research analyst.

 Nifty cmp 25575. Trading below our previous support level 25700. Now its in consolidation phase, as soon as it breakout this consolidation and move above 25700 , then up move begins towards new highs. Till then consolidation process continues in 25500-700 range. Keep strict stoploss to long positions. Long term investors keep eye on 25100-25000 zone. as long as this zone holds, major trend remains up and Buy on dip mode On. regards, suryadev bandari research analyst

 #nifty cmp 25810.  as per below chart, its near to its medium term support level.25700.  Upmove can begin from this range towards 27000+ in coming weeks.   stoploss below 25700.  Close above 25950 can be confirmation of bottom formation.  #investing #tradingview #stockmarkets

​ Nifty in minor abc flat pattern in progress. 26220-180 support area. Upmove can begin anywhere soon in this range.

​ #nifty cmp 26145. Now its vulnerable to test 25500 again from current levels. Stay alert. Book profits wherever possible. Keep strict stoploss.  #elliottwave #investing #tradingview

​ #nifty cmp 25940. still it can test 25700-600-300 levels from here. Only close above 25950 negates this down move  alternative.  Stay alert. #stockmarkets #investing #tradingview #Elliottwave

 #nifty cmp 25882.  Key resistance at 25960.  As long as it trades below it, trend remain bearish.  Down side supports at 25820/25760/720. keep strict stoploss. #elliottwave #stockmarkets #investing #tradingview