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NIFTY 12 AUGUST 2021 : Be CAUTIOUS at every rise now. Market dynamics are not greatly in favour of bulls

 


Good Morning Friends, 

I am not on short call yet but definitely issuing word of caution. Its easy to be bullish on all time high based on sentiment and money flow but some top deserve cation. Till, Small cap and mid cap indices were comfortable, I was long. 

Now, things are changing. Well, I need to see more confirmation but it seems money flow in small cap and mid cap has stopped. In fact, money is flowing out. Logic is, money outflow always starts from riskier asset. So, it seems its market call that stock price is riskier. 

Impact on blue chip stocks usually comes later. If such under performance continues then we can expect the expected impact anytime and anyday. 

I am stopping deals for myself for few days. Not in the mood to trade risk. Let us see how market respond. Price wise and indicator wise, no risk is visible yet as long as Nifty is above 16000 levels. 

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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