Nifty 50 - Analysis

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NIFTY 28 SEPTEMBER 2021 : We are on most crucial day for continuation of rally. 18000 looks phychological.

 


Good morning friends, 

At the time when it was looking all set to get a top, Nifty saved from lower levels. We got a fairly ok kind of close. 

Nifty closing at 17850 levels which is leaving people confused again. I took a fresh look on chart and feeling that as long as Nifty is staying above 17800-17750 levels, it may not be easy for any pullback. Hence, it may be hard to talk for top. 

I am not giving my trading view for today. I prefer to watch only. For support, Nifty may be looking at 17800 and there is no resistance We can say 17900-17950-1800 but practically it has yet to confirm. Momentum is only driving force. 

Do not short low, around 17800 without breakout. Do not trade long at top around 17930 levels. 

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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