Nifty 50 - Analysis

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18 September 2020 : Nifty Chart for the pre-open

 



Hello Friends, I am back after real long time, seems its more than two years. 

Let us talk about the trades and possibilities for today. It is showing a triangle kinda break down situation which may drive Nifty to fall by 1% or near by. I have not loaded myself with shorts yet but surely I am planning to consider it. 

Stop loss, execution price and target depends on market condition. Charts says Nifty may find it difficult to cross 11600. 

Your views always welcome. 

 



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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