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Nifty to move higher

#nifty cmp 17960. Getting ready to blast upwards. Move above 18020 gives boost to Bulls. Avoid short selling. #earningwave #Elliottwave #suryadev Regards Suryadev Bandari Research Analyst

Bulls Eye on 17400-500.

Nifty closed at new record High yesterday at 17234. Broad-based buying happening in the market. Multiple sectors are participating in this rally. Bank Nifty heading towards previous all time higher levels  Financial services sector also started rally. Next higher levels to watch in nifty are 17400-17500. Key Supports at 17000-16900. Buy on Dip mode. Regards, Suryadev Bandari Research Analyst. www.earningwave.com

Minor Flat pattern completed today. Cover shorts. Bull run to resume.

 NIfty completed minor wave in flat pattern as shown in chart below, Bulls to resume their move from hereon, which can take nifty above 16000 levels. Avoid fresh shorting. Build fresh long positions with stoploss below 15500. Metals, FMCG, IT can lift nifty upwards. Resistance 16070-16220. Support 15500-550. Regards, Suryadev Bandari Research Analyst www.earningwave.com  

Two possible scenarios open for the day.

Nifty has two possible scenarios open as of now. impulsive wave has begun from 13600 is unfolding in larger degree in which, i). Minor corrective wave done from 15257 to 14978. Now next leg of rally started from 14978 and heading for 15400-15500 zone. ii). Minor corrective wave still under progress and Nifty can retest 14978 -15000 zone again and from there bounce back to 15400.  Levels to watch for clear signal for trend. Watch 15257 breakout for resume of uptrend towards 15400-15500. Watch 14978 on lower side to resume of corrective wave which can restest anywhere between 14850 to 14550 zone. Hence watch for range breakout and trade accordingly. Regards, Suryadev Bandari Research Analyst. www.earningwave.com

Mind Blowing Strike Back by Bulls.

As expected on Budget day's update, Bulls strike hard from lower levels. New all time High's keep on forming in Nifty and Banknifty. Six days of correction retraced fully in 2 trading days by Bulls.  Power of Trend. Elliottwave Forecasted this bounce at lower levels on Budget day itself. Short sellers slaughterd by Bulls. This buying spree continues further. Upside to argets and stock specific levels available to paid subscribers ok only. Regards, Suryadev Bandari Research Analyst. www.earningwave.com