Nifty 50 - Analysis

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NIFTY 20 MAY 2021 : I still say no trade on index. Direction is still UP.

 


I draw a key trend line on above chart. As long as it is above that tend line, it should not be weak. It is also true that unless it goes above 15140, it would do much for bulls. Today may be a day to watch. Focus on stocks where we have many opportunities. 

Nifty is lacking support below 15040, it will have no support from 15000 to 14900. 

Please improvise levels on real time. 
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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