Earning Wave

 Nifty almost completed complex double correction pattern (abc-x-abc) at yesterday's low. Now its resuming up move. Once it cross 15115 spot, we get confirmation. Most of the stocks too completing correction pattern and impulsive up move can begin any time soon. Banking and Financials can lead nifty up side. Cover shorts, if any. Go long with yesterday's low as stoploss.  Buy on Dip market. Regarding, Suryadev Bandari Research Analyst www.earningwave.com

Har Har Mahadev (Every one is Mahadev). This phrase / slogan is used more as a metaphor. Can you be Mahadev of your life. Life is too big a subject to talk, so I will restrict myself to business of investing!  In the great churning (buy and sale) of ocean (markets ), search for amrit (returns) was carried out both by sur and asur (buyers and sellers).  Bhagwan Vishnu (SEBI/ Govt) provided base in form of 🐢 to Mother Earth. Mountain( Stock exchanges) was used as shaft for churning the ocean both by sur and asur. Both wanted Amrit / Mohini / Chintamani / Kalpatru/ Kamdhenu.  But before all these things, came halahal/ vish ( Volatility).  Everyone wants Amrit ( returns)but without halahal (volatility).  Only Mahadeva has a capacity to hold the halahal in his throat.  You can become Mahadev of investing when you can hold the halahal (holding the portfolio when it’s showing negative returns) without gulping it (not selling it).  If you have capacity to hold halahal ( volatility), you will

Nifty cmp 15016. 11:19 am. 05-03-2021.  Nifty major trend UP.  Minor correction pattern at the end stage. Do not get in Bear Trap. Market to resume up trend. Regards, Suryadev Bandari Research Analyst

As per the latest data update, Entire fall from 15430 to today's low 14550 is corrective pattern only. Today Nifty showing bullish divergence in indicators suggesting that corrective pattern ended and trend reversed to upward again.  Buy on Dips . Avoid fresh short sell.  Cover shorts, if any. Build long positions. Regards, Suryadev Bandari Research Analyst.

 As expected in last update, Nifty took support around 14700 and Impulsive upmove has begun. cmp 15160. First hurdle to cross 15170.  Above 15170, massive short covering lifts nifty more higher levels towards 2nd hurdle 15340. Regards, Suryadev Bandari Research Analyst

Wave 3 bounce is due in nifty. move above 15170 would confirm it.