Nifty 50 - Analysis

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NIFTY 19 MAY 2021 : As long as Nifty stay in 15040 to 15140, Do not trade index

 


Above is the hourly chart for Nifty. Well, it is index chart, not index future. Yesterday's high and low makes the trade levels crucial. Unless it breaks, I prefer to avoid Index for trading. If it breaks lower then it has a gap. Moving on higher, it need fresh strength. 
Waise ye view hai.
For trade, you need to improvise. 
Happy trading. 

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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