Nifty 50 - Analysis

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Nifty:30 April intraday update


Above is the hourly chart as of Saturday's closing. It is giving us very clear reason for 'not to be on short side' once we cross 5227. (Already mentioned in the morning).
Till now we have high at 5257.95 (which was tested at 12 o'clock). This rise is nothing but very choppy to convert into trade but rise is rise. 

I may be wrong but somehow I feel that we should see levels of 5271 or 5299 before close. 

I need to say that do not always try to be on short side from every levels. I cannot deny the possibility of selling from higher side. If comes then only I will feel comfortable to trade.

(Pre market stock analysis were - Buy on Tatamotors (Up 1%), BUY on DIVISLAB (Up 3%), BUy on INFOSYS (Up 2.8%). Read at www.viecapital.com

Regards,
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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