NIFTY 16 AUGUST 2021 : As long as Nifty is above 16160, Nifty up trend remains intact. CAUTION is still ON.

Good Morning Friends,

In the last session it has moved above 16380 and then it has crossed 16500 also. In technical charts it seems extremely bullish and extended target can be as big as 17000 + levels.

And then, Taliban returns,

Fine, Shall we be worried?

I must tell you that market is driven by just one factor, that that is that buyers are ready to buy. So, its all about sentiments when news flow hits.

A true bullish market is known to ignore bad news and reward good news.

Best News and good news is that liquidity has potential to absorb all possible bad news. Do not build up short just by looking Afghan Crisis.

Wait for market to react and then think accordingly.

Market has ignore many such bad news in past.

Well, As per technical is concern, unless today's close goes below 16350, there will be no concerning formation on chart.

I am already sitting with no position. So, I have time to watch - study and plan.

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…

Nifty 50 - Analysis

NIFTY 16 AUGUST 2021 : As long as Nifty is above 16160, Nifty up trend remains intact. CAUTION is still ON.

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BANKNIFTY FUTURE CHART ANALYSIS

NIFTY 16 AUGUST 2021 : As long as Nifty is above 16160, Nifty up trend remains intact. CAUTION is still ON.

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