NIfty cmp 15826. After spending time in sideways consolidation, market back into upmove. Bulls can take nifty upto 15920 first, then 16050 zone. Supports at 15745 and 15670. investors and traders can initiate fresh long positions in quality stocks Once nifty surpass 15840 resistance level, then bulls will control the market. Shorts squeeze can begin above 16000 level. Avoid fresh short selling. Regards, Suryadev Bandari Research Analyst www.earningwave.com
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