Earning Wave

After alerted at 17400, nifty fall down to 17060. #nifty cmp 17090.  Once nifty breaks below 17050, we can see fierce selling pressure that can drag nifty down towards 16850-750. #tradingview #investing  #nifty #elliottwave #earningwave  #suryadev

  #nifty cmp 17406.  Vulnerable for correction now.  Failed to move above 17430 spot.  Bears can drag down to 17200-120 zone.   www.earningwave.com regards, suryadev bandari research analyst

  #nifty cmp 17210.  With today's bounce , it appears to be abc counter trend, which deemed completed earlier, actually completes now.  Selling pressure can drag nifty again below 16800 from hereon.   http:// earningwave.com Regards, suryadev bandari research analyst

  #nifty cmp 17090.  abc counter trend move , which i expected from last 2 days , almost done here.  Another leg of selloff possible from here.  Minimum 16890 possible.  Break below day low would trigger panic selloff.  Stay alert. http:// earningwave.com

 Nifty unable to sustain above opening level 17000 and fall below 16800. This is indicating intensity of selling pressure. If bulls fails to hold 16800, then further selling pressure emerge in markets. Tomorrow RBI POLICY can trigger next direction. regards, suryadev bandari research analyst

 Nifty cmp 17010. Cover short positions once. Nifty can bounce from here towards 17200+ as part of counter trend move. regards, suryadev bandari research analyst.

 #Nifty cmp 17085.  Around 17160, it completed minor counter trend move and now heading downwards. Day low at 16980 can break down any time here. Avoid bottom fishing.  Sell on rise market. Regards, Suryadev Bandari Research Analyst