Nifty 50 - Analysis

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NIFTY 01 JULY 2021 : Previous support levels of 15650 - 15600 should come in force.

 


Good morning Friends, 
I am already quoting it from past many days that Nifty doesn't have good thrust to cross above 15900 levels. Hence, we can able to see a fall from higher levels. Yesterday was another such day. 
I cannot say either that this fall can intensify immediately. We have some meaningful support at 15650 to 15600 levels. I hope that Nifty will take support at 15600 in case of fall. Even on rise you have not too good on up side also. 
In this kind of short range it is very important to be level specific and trade on good timing. It is better to focus on some meaningful stock. 
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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