Skip to main content

Posts

Bulls get strength only above 25700 level.

 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 medium term support near 25700-25800 zone. Up move can begin from here

 #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 trend weak below 25960.

 #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

Banknifty at the finishing level of Wave 5. Stay alert.

 #Banknifty cmp 59467. As per #elliottwave pattern, its in final levels of wave 5 and any time it can give up its ongoing upmove and take U turn and turn downside.  Stay alert. Keep strict stoploss. Regards, Suryadev Bandari Research analyst

Head n Shoulder pattern visible at NIfty hourly charts. Stay cautious.

 #HeadnShoulder pattern in #nifty Hourly charts.  Neckline at 25900.  Once this neckline breaksdown, 25740-650 downside levels opens up.  Stay cautious.  Keep strict stoploss.  #investing #tradingview #elliottwave Regards, suryadev bandari research analyst

Nifty tested 25820. and rebouncing from there.

#nifty cmp 25940.  as expected nifty tested minor dip to 25820 and rebounding from there.  the Gap existed there acted as support.  Now #nifty heading towards 26100+++ zone from here.  New high likely in coming sessions.  Keep strict stoploss. Cover shorts, if any. regards, suryadev bandari research analyst

Happy Diwali Wishes to viewers

 

Truncated 5th wave with Ending Diagonal pattern visible in nifty daily charts. stay alert

 Nifty cmp 25515. Nifty daily time frame in line charts, indicating that probable Truncated 5th wave with Ending diagonal pattern in formation. as per This, truncated 5th wave can not move near or above the high of 3rd wave which is at 25669. This view negates, if nifty surpass 25669 spot. This is my positional view on nifty. keep strict stoploss to long positions. Regards, suryadev bandari research analyst

25330 resistance.

  nifty cmp 25295. as per this pattern, nifty can face selling pressure again from this zone and head towards 24600 positionally.  this view negates if price breakout 25330. trade accordingly, keep strict stoploss. regards, suryadev bandari research analyst

Nifty cmp 25080. Trend deciding level at 25045.

 Possible profit booking in nifty alerted at 25270. Now its trading at 25080. Next trend deciding key level to watch is at 25045 on closing basis. Keep an eye on it. Once nifty closes below 25045, then new lower targets open towards 24900-750-600 positionally. keep strict stoploss. Regards, Suryadev Bandari Research Analyst

Nifty cmp 25265. Book profits

#nifty cmp 25265. Book profits fully once. One set of 5 inner waves seems completed at today's high. Minor profit booking can begin any time. Trade with strict stoploss. Down side key levels to watchout 25020/24900/770. #investing #TradingView #stockmarketsIndia #elliottwave regards suryadev bandari research analyst