Earning Wave

 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  

 As expected , Nifty surpassed 15430 level and now its trading near 15670.  More upside is possible from here. Metals and Banking and Finance also looking Bullish. As per my view, this uptrend can continue above 16000 as more sectors and stocks to participate in this rally. Be stock specific. Avoid small cap.(Importantly for new investors and traders).

Nifty cmp 15300.  Previous High 15432. Get ready to ride new high ahead. Be stock specific. Regards, Suryadev Bandari Research Analyst. www earningwave.com

https://youtu.be/30ItOt9jdxo

Nifty pattern appears to be a-b-c running correction. Nifty cmp 14635. Move above 14700 would be a confirmation that nifty head towards 14950-15100 zone in coming sessions. Metals witnessing profit booking as it moved up fast and traders taking profits at higher levels. Next bullish looking sectors are Auto and Banking and Financials. Accumulate them in lower levels. very soon we see buying spree in these sectors. Regards Suryadev Bandari Research Analyst www.earningwave.com