Nifty 50 - Analysis

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NIFTY:26APRIL'12- Intraday update- Caution for last 30 min



Be cautious in the last 30 minutes of trades. Charts are suggesting for some better move. It might be up or down. As of now it seems that it is going to favour bear. It should not be dull last 30 min . 

Working resistance - 5216 and then 5237 on 10 min chart although 5230 is the most stiff figure which i gave in the morning.

Take care,
Praveen Kumar
I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
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