Earning Wave

#nifty sustained below our support 18600 level.  Today after recording day high at 18573, selling pressure dragged down nifty to 18520 spot. As long as nifty trades below 18600, trend remains DOWN.  Key support 18420. Key Resistance 18600. Regards,  Suryadev Bandari Research Analyst.

NIFTY finally breakdown 18290 spot level.  Cmp 18265. Heading lower towards 18180-140-060  Stay alert. Regards, Suryadev Bandari RESEARCH ANALYST

  #nifty cmp 18330 Bulls failed to surpass 18380-400zone.  Ending diagonal pattern in ending stage.  Below 18280 we get confirmn of reversal.  so, keep 18280 as stoploss for longs.  Once it breaks 18280, we can see sharp selloff.  http:// earningwave.com #investing #tradingview #StockMarket

Nifty recorded high 18267 and reversed from there. 18280-325 is very strong resistance zone. On the down side 17850 is very critical support for nifty. Trend deciding level. If Bulls able to held this support 17850 level, then we can see one more attempt to move higher. If, incase, Bulls fails to hold this 17850 support, then we can see deeper correction to resume. Hence, watch 17850 spot level keenly. Trade accordingly. Regards, Suryadev Bandari Research Analyst.

Finally nifty breaking out key resistance zone and heading towards 18090-18150 in coming sessions. Avoid fresh shorts. Break below 17750 spit only it becomes weak. Keep stoploss below 17750. Regards, Suryadev Bandari

Ending pattern break down. N8fty can dip to 17400 minimum and 17300 positionally. Stay cautious.

Be cautious on holding longs,  Nifty can breakdown key 16800-750 support range anytime soon from Monday 29th March. Regards, Suryadev Bandari Research Analyst 3.26pm