NIFTY 27 JULY 2021 : Its nearly 2 months in same zone. Still NIFTY remains indecisive near 15900 levels.

Good Morning Friends,

Its almost two months that we are near 15600 levels but still indecisive mode. Technical set up is still not giving great clue for breakout time. So far it looks like Nifty will turn heavy again near 15900 to 15960 levels.

There are chances that if it fails to give breakout on higher side then we can able to see 15600 levels again. So, I am sitting blank as of now and waiting for next move. I may add some position on short side on weakness but with very strict stop loss with Nifty spot equivalent to 15960 + levels. (All depends on intraday setup to take such decision). Take a note it can be contra deal and do not move with out stop loss.

Do not play khatron ke khiladi season 12. Just joking.... you are good enough to put stop loss.

Does anyone talk about 16000? Number of people anticipating such levels are lesser this time.

Let us see how much opportunity we get today.

Happy Trading

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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NIFTY 27 JULY 2021 : Its nearly 2 months in same zone. Still NIFTY remains indecisive near 15900 levels.

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NIFTY 27 JULY 2021 : Its nearly 2 months in same zone. Still NIFTY remains indecisive near 15900 levels.

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