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NIFTY 21 SEPTEMBER 2021 : Only predictable factor is volatility. Support 17200 - Resistance - 17450- 17500

 


Good morning friends, 

It was real shaky day yesterday and Nifty slipped from higher levels. Technical charts are showing signs of trouble but it still has to break key support of 17200. 

17792 is a short term top. World is eyeing on china trouble and US fed tempering. Fine, I do not prefer to watch news flow but that's concerning. 

As per the charts are concern we can sense a test of 17200 levels sooner or later. 

We are two day away from derivative expiry. This can add spice in volatility. 

Let us see how market react at higher levels. Remember, Nifty goes in green yesterday and then slipped. It was a tremendous day. So, why it can't repeat today. 

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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