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Nifty 14 July 2021 : Once again 15850 to 15900 will be the zone resistance. Breakout in any direction to come sooner.

 


Good Morning Friends, 

What we saw yesterday was another bounce which came as as a reaction from near to support of 15600 levels. Have a look on above hourly chart which shows that market may face resistance in the zone of 15850 to 15900 levels. This is another swings in current trading range of 15600 to 15900. 

It is very hard to say when will this range breaks but it should happen very sooner now. This is going to be very interesting. I advise caution from long trades and it can truncate at higher levels again. I am expecting a down day today. 

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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