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NIFTY 03 AUG 2021 : Caution needed near to 15900 levels, keep your money management strategy on.

 


Good Morning friends, 

            So finally we are in the zone of 15850 to 15900 and this is resistance zone. This is the zone where optimism died every time in recent past. Now, it may be 15900 as top or 15960 as top, it hardly matters but bulls are so far not ready to take it higher from here. 

Hence today is another crucial day. Will it take another attempt to cross?

Hard to answer. Let us see but history goes in favour of bears. Once again, I will be in search of opportunity to trade on short side with strict money management.

Some day some time, it will break the range. 

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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