Nifty 50 - Analysis

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NIFTY 18 AUGUST 2021 : CAUTION REQUIRED at these kind of top, equally, do not short either.

 


Good Morning Friends, 

It is just too much and too sharp 1000 points run on nifty and these is no stopping at this moment. I warn from trading long and I warn from trading short either. It is better to sit on side line to wait and watch. 

Enjoy market just by watching, just the way I am doing. 

Jab tak strong signal nahi hoga, main short nahi karunga. (This will come with one big red candle on one day, may be today, tomorrow or anyday)

Who is buying? Well, no need to think, truth is buyers are strong enough to over power. 

Technical support is at 16480 and then at 16400. On higher side, these is no resistance. 

Today I say, Happy watching, 


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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