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Most preferred Wave -Bullish outlook. Technical view apart from Bearish sentiment.

 Nifty cmp 17171.95 On Friday, Global markets Bleed more than 2.5%  Even SGX NIFTY displaying global sentiment. Apart from that, From the Elliott Wave Perspective, Under current trend is Bullish as recent selloff from 17414 to 17171 is part of Wave ii correction pattern. which can extend till 17080. From there Bullish impulse wave iii upward can begin. Stoploss or Pattern invalidation point is move below 16820 spot level. As long as this level holds, Bullish outlook intact. Regards, Suryadev Bandari Research Analyst www.earningwave.com      

Bulls leading Nifty.

  #NIFTY50 CMP 17484.  Successfully surpassed critical resistance level by gap up opening.  Now in Buy on Dip mode.  On higher side next resistances are at 17640/17795.  supports at 17280-250 zone. Stock specific moves in action. Regards Suryadev Bandari Research Analyst     http:// earningwave.com #Elliottwave #Earningwave #suryadev

17300 IS CRUCIAL LEVEL FOR NIFTY.

 NIFTY CMP 17247. 17300 IS VERY CRUCIAL LEVEL FOR BULLS. IN CASE, BULLS REGAIN THIS 17300 ZONE AND SUSTAINS ABOVE IT, THEY CAN LIFT NIFTY FURTHER UPWARD TOWARDS 17550-17650-17770. ON DOWN SIDE KEEP STOPLOSS BELOW 16950. REGARDS, SURYADEV BANDARI RESEARCH ANALYST  

Preserve/Secure your capital in this turbulant times.

 Nifty cmp 16500.  As mentioned in last update, Nifty breakdown crucial support zone 17070-17000 and even its 200DMA. On this turbulent time of Russia Ukrain War, I request all the viewer that, secure your capital first. Market takes time to recover and move up. Crude oil Jumped above $110 and Gold Crossing Resistances one by one. Crude oil can continue its up move further more. It would result in High inflation and High interest rates in near future. All these factors would have negative impact in Economy as well as Stock Markets. Midcap stocks and Small cap stock can effect more in this situation negatively. As far as possible, cut your losses and preserve your Capital. Stay in Cash. Regards, Suryadev Bandari Research Analyst www.earningwave.com