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NIFTY 20 AUGUST 2021 : Looks like top has done and market likely to test 16100 on formation of recent red candle.

 


Good Morning Friends, 

After a big rally of more than 1000 points on Nifty in past few days, we are going to see some correction. I have already informed about the formation of desired red candle on my twitter in the last trading session. 

SGX Nifty shows bloosbath. 

If you have short hold. 

If not then just watch. 

I am not recommending shorts on opening. I cannot deny possibility of recovery as bulls may not give so easily. 

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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