NIFTY 22 SEPTEMBER 2021 : Now bounce to come on towards 17625. Volatility will be main feature.


 

Good morning Friends, 

Above is 15 minutes of Nifty. Do not be surprise by seeing pattern. I have a purpose of posting such chart as reversal is better appearing on above chart. You can notice that this reversal is coming after a reversal H&S pattern. 

Most of secular trend from bottom yesterday was outcome of above pattern. 

Big question, can this continue today?

For today: - Well, most logical target that is looking based on chart is 17625. 

Support is at 17440 and that's keep us mid way. So it is going to be volatile. Expect up and down but I will give edge to bulls. 

Short term outlook : - It is looking like this market came lower to go up in short term and hence 17792 may not be final top. Who knows if Nifty go around 19000 also before decisive top. I just do not want to think what can be stock valuation. I am not in the mood to invest as I am also scared on fundamental uncertainty. 

Happy Trading. 

Market may remains sidewise for few days

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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