Nifty 50 - Analysis

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NIFTY breaking crucial supports with alarm

 


What's a crack Nifty got on dot from 15800 levels. It was well predicted using RSI and trend line supports. 

This is how RSI divergence can be dealt. Now, almost every indicator will give sell and sell but that may turn be late sell. I am updating that 15600 is the support which is already under test now. Afterward, Nifty has support @ 15300. Momentum might be shifting and 15800 may remains top for now. 

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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