27 July 2017: Nifty Elliott wave analysis: One can expect as high as 10100 on Nifty on derivative expiry day.

You must read previous articles and watch the given chart carefully to understand this article completely.
Analysis for 24 July 2017: -
On 26 July 2017: FII Net Sold – 60.60 INR Crs:  DII Net Sold – INR – 676.61 Crs
I am just able to provide short analysis. It has broken 10000 on higher side with ease. Today is derivative expiry day and this is a suitable day to see short covering rise. If this happens then we can see levels of 10100 by today itself. What a remarkable rise from 9448 to this level.

Just do not opt shorting even on weakness. Remember, wave extension is suggesting that we can see as big as 10400 levels on Nifty and possibly without any correction. 
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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