NIFTY 03 SEPTEMBER 2021 : Rise to continue for 17300. If fall comes, that will be surprise.

 


Good Morning Friends, 

I was not expecting this kind of derivative expiry. I was expecting volatile down but it was volatile up. Above is daily chart. Charts saying 100+ point of fresh up move. 

Well, the last 100 points run came too sharp to believe. I find my self fortunate that I am not dealing from past few days. I am preventing myself from being trap at top.  

In past more than a year, many retail investors has entered in to the market and it seems that market hold due to their buying. Do you know that retails participation is highest in trading volume. 

Valuation is sky high. get rid of temptation of two three months gain and comes out from investment. Sooner or later, it will end up ugly. 

Fine, let us talk about today, 

I would say, trend remains bullish and Nifty can able to absorb any initial fall if comes. Nifty may challenge 17300 levels. 

Candle patterns are bullish. If fall comes, it will be a surprise. 

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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