BankNifty has shown a very fast move in last few days. Hope you know the term SANTA RALLY. If not, just google it. Tried to analyse the upmove that started from 34024 and tried to label the wave counts as per my Elliott Wave understanding.
BankNifty: If does not cross 35500, can fall till 33000
XAUUSD is about to complete a good consolidation. After this consolidation, it should resume its upward journey towards $2300-$2400.
XAUUSD: If 1690 does not break, then 1790-1830 possible.
HUL / HINDUNILVR : Long positions can be initiated above 1996 with 1955 as SL
Tata Motors: If fails to cross 86 can fall till 75 levels
Bharti Airtel : Dips can be a good buying opportunity. Wave-5 still pending which should go around 625 - 630 levels.. Lets not hurry. Wait for proper buying signal before entering.