NIFTY 30 SEPTEMBER 2021 : 17600 is make or break support. Expect expiry volatility but avoid short at lows.

Good morning friends,

I have a view. Market always depends on follow up of the trend. If this bullish trend has to continue then buyer has to emerge at support levels. One such meaningful support is at 17600 levels.

As long as it is staying above 17600, we can expect a move towards all time high. I am not claiming that it will cross or not.

Another big question is will it save 17600?

We can feel lot of if and but continues here.

For todays trading session, I am getting technical sense of support emerging at lower levels. As of now SGX Nifty is giving a hint at lower start.

We have monthly expiry today and that will add spice to the volatility. One must avoid shorting at lower levels and near to support of 17600 unless it broke decisively.

We have seen sharp up and down in recent days.

Be careful

Happy and profitable 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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NIFTY 30 SEPTEMBER 2021 : 17600 is make or break support. Expect expiry volatility but avoid short at lows.

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