Nifty 50 - Analysis

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24 may 2021 BANKNIFTY FUT

 


Above is 15 Min intraday chart of Bank nifty fut. Once it start settling below 3800-34780, we can expect some dip. There is no point to short above support. 
Its a LION HEARTED trade for the day. 

I have 33500pe bought @ 113 on Friday and same qty added @ 48 today. It's a undesired averaging on resistance. Only good thing is that I added only a small qty deal.  

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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