NIFTY 23 SEPTEMBER 2021 : Looks like uptrend remains intact even after fed tempering announcement.

Good morning friends,

I was expecting this rebound and caution too. Fed has given its view for tempering and interest rate. You all must be knowing so far. I am here to give technical views and market dynamics.

Somehow, it is looking to move up but up move will face troubles at top. Only question is that if it get trouble near 17800.

I am not advising short by looking in to pattern. Today is derivative expiry and market is likely to go up and if downside comes that will be a surprise.

I am not getting great conviction that we made a short term top. In pure technical term, as long as Nifty is staying above 17200, rise is likely to continue.

Worse part is that whenever Nifty takes gap opening. It spoil majority of trade. Nifty can open around 17650 as indicated by Nifty then fresh long may not be possible.

Happy Tradaing.

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…

Nifty 50 - Analysis

NIFTY 23 SEPTEMBER 2021 : Looks like uptrend remains intact even after fed tempering announcement.

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BANKNIFTY FUTURE CHART ANALYSIS

NIFTY 23 SEPTEMBER 2021 : Looks like uptrend remains intact even after fed tempering announcement.

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