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NIFTY 21 JUNE 2021 : Meaningful support is at 15460 and then at 15300. Momentum is changing.

 


Good Morning Friends, 
It was a perfect fall and then a perfect rebound on Friday. Rebound was a sign that bulls are still willing to buy at lower levels Now market may have an effect of global cues in opening hours and makes it unsuitable to trade. 
As SGX is reflecting, we can expect open around 15600 which is a big wash out of Friday's recovery. I do not suggest to trade immediately. My plan is to buy at low in fall but first I have to see the magnitude of fall and a possible sign of recovery like we got on Friday. 
Few supports in mind are 15560 > 15000 > 15460. 
It should not go below 15460 in hurry. 
Be careful on above levels. 
Happing Trading, 
Praveen Kumar

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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