There are many high quality #stocks where earnings are intact and even outlook is great look to buy into those set of #stocks and hold for now e.g. #southbank#ktkbank#pnb from #banknifty space look good
#Nifty#chart is also at Change in polarity point where previous top will act as a support. Hence as multiple systems are showing a bottom is near keep a buy on dips strategy in #Nifty#banknifty with sl
Sentiment indicator wise capitulation has taken place in many #stocks even large cap #stocks like asian paints has had significant fall from their highs and there is panic in retail so sentiment indicators are now a 3 years low this is also suggesting a bottom soon
From a wave perspective we see that the fall has been in a wave 4-A and currently there is significant divergences on daily #charts. Even the weekly #charts are nearing support zones and hence we should begin wave B shortly now in #Nifty#banknifty
As per Gann also, the top was made on 27 Sep so 49-60 calendar days from 27 Sep and we are in a time band for a low to be formed in #Nifty#banknifty#stocks so even this time cycle is indicating a bottom and reversal
Saturn goes direct today and on Nov 17th Sun will be at 180 to Uranus. Both these #astro are having a very high correlation for trend reversals and trend change in #Nifty#banknifty#stocks so watchout for a bottom and reversal shortly
#Nifty#chart Previous top acting as support. There is positive divergence on the daily #charts#astro reversal time band almost there so we should see a bottom formation here and move towards 25500 however trade only on reversal confirmation
From #banknifty space #PNB looks good and #charts are showing confirmation of the same. While #Nifty has retested lows made in late oct #PNB continues to move higher should see a target of 140+
#stocks that are outperforming e.g. #stocks that are making a higher bottom today vs low made in early oct should be bought and held they will be leading the rally towards 25500 or may be 27000