Nifty 50 - Analysis

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NIFTY 25 JUNE 2021 : High chance that market will undergo consolidation before next decisive move.

 

Good Morning Friends, 

Above daily chart has generated inside day pattern and it is reflecting that both bulls as well as bears are unable to take market direction. This gives me a sense that market will not break this pattern easily. So, as of now traders should opt a strategy to trade in a range. Breakout can occur either way. If breakout come then we can trade for direction and that next move can be impressive. Normally it comes with trend. 

Range High side 15850-15900

Range Lower side 15650 - 15600

Above is extreme end, majority of trading may remains here and there at 15750-15800 levels. That can be very tight. One need to focus on stock specific trading strategy. 

Happy 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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